Foundations step up funding to bolster trust in local newsÂ
Candid
APRIL 25, 2024
The COVID-19 pandemic brought more challenges for the industry, as demand for local news grew but revenue and outlets shrank. MacArthur, and William and Flora Hewlett Foundations have recognized the importance of a vibrant local news ecosystem. In 2023, an average of 2.5 newspapers closed each week , up from two a week in 2022.
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