Reinventing Local Newspapers
Andrew Yang Podcast
Andrew Yang & Audacy
4.8 • 3.2K Ratings
🗓️ 9 May 2022
⏱️ 75 minutes
🧾️ Download transcript
Summary
Tara McGowan, founder of Courier Newsroom, joins Andrew to talk about learning lessons from 2016 and why we need a new approach to saving local journalism focused on reaching the average person who gets their news on social media.
Watch this episode on YouTube: https://youtu.be/15EfVd_6pFw
Follow Tara McGowan: https://twitter.com/taraemcg | https://couriernewsroom.com
Follow Andrew Yang: https://twitter.com/andrewyang | https://forwardparty.com
Transcript
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| 0:00.0 | This week on Forward, founder and CEO of Good Information, Inc. and Courier Newsroom, |
| 0:05.6 | Terima Gowin joins us to talk misinformation and what we can do about it this week on Forward. |
| 0:31.1 | It's my pleasure to welcome to Forward Civic Entrepreneur, the founder and CEO of Good Information, |
| 0:38.8 | and the Courier Newsroom, which we're going to talk about at like Terima Gowin. Welcome, Terra. |
| 0:43.6 | Thanks so much for having me, Andrew. It's great to be here. |
| 0:45.6 | Oh, Terra, you're working on a problem. So we'll retrace your steps so people have a sense of |
| 0:49.6 | your background, which is fascinating. But you're working on a problem that's near and dear to my heart, |
| 0:54.7 | which is the fact that local news is dying. You have over 2,000 local papers that have gone out |
| 1:00.3 | of business. You probably know the number is better than I do. And they've probably gotten worse since |
| 1:04.6 | I looked at it. So what is the situation with local news? Yeah, it's really, really bleak. Andrew, |
| 1:11.6 | as you mentioned, it got significantly worse during the pandemic. Is that going to imagine? |
| 1:16.4 | Sure. The shattering of newsrooms. And, you know, writ large, this has been happening for over a |
| 1:20.4 | decade now. And it's really the result of local news organizations having relied on one specific |
| 1:27.2 | stream of revenue, advertising, traditional advertising in their newspapers, local and regional |
| 1:35.1 | advertisers. And, you know, as the advertising industry got entirely imploded and revolutionized |
| 1:42.6 | by Big Tech and social media platforms. Also known as Craigslist and Facebook, but continue. |
| 1:47.7 | Yes, exactly. Local news organizations who were already struggling to get by with resources |
| 1:54.0 | couldn't keep up, couldn't evolve their business models quickly enough. So what's been happening |
| 1:58.6 | is they're either shutting down or sometimes worse, they're getting bought up by hedge funds |
| 2:04.0 | that are buying them up for different pieces, selling them off, just focusing on how to monetize them |
| 2:10.0 | and laying off the journalists and not really investing in the mission any longer of these |
| 2:15.7 | of these organizations and institutions. And the really scary part, I mean, it's just terrible |
... |
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