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Merger mania is destroying local news in the United States.
Joshua Benton at Nieman Lab looks at Gannett, the largest newspaper chain in the country, which merged with the second-largest company in 2019. The two companies promised a lot, but in the end the deal resulted in a much smaller company with far fewer journalists:
In other words, Gannett has eliminated more than half of its jobs in the United States in four years. It’s as if, instead of merging America’s two largest newspaper chains, one of them was simply wiped off the face of the earth.
Obviously the internet has changed the entire nature of news, but not having strong local journalism around the country is a very bad thing.
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