WASHINGTON: The ailing US news industry is bracing for more turmoil with the coronavirus pandemic expected to deliver an economic shock to the sector ...
: The ailing US news industry is bracing for more turmoil with the coronavirus pandemic expected to deliver an economic shock to the sector – just when people need credible information the most.
“If you’re ad supported and now heading into a period of short-term economic contraction that’s very bad for your business,“ said Gabriel Kahn, a journalism professor at the University of Southern California who follows industry economic trends.The free Seattle weekly The Stranger this week warned of an impending crisis and asked readers for donations, noting that “90% of our revenue – advertising, ticketing fees, and our own events – is directly tied to people getting together in groups.
Joseph Lichterman, head of editorial and digital strategy at Lenfest Institute, which owns the Philadelphia Inquirer, said news organizations will face huge challenges in covering the crisis as well as an opportunity. A 2018 study by University of North Carolina researchers noted that trackers at the Centers for Disease Control rely on local news reports to monitor the spread of many diseases.
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