Op-Ed: How the Senate Will Decide the Fate of Local News
The Senate is now deciding the fate of local news. As part of the Build Back Better Act, the Senate is, in the next few days, considering an important proposal: providing a payroll tax credit to local news organizations to retain or hire local journalists. Why? Local news is in a deep crisis. The Internet has fundamentally broken the business model of local newspapers. The number of reporters has dropped by more than half since 2000. There are at least 1,800 total “news deserts,” with no local newspapers at all, and thousands more have “ghost newspapers” that