The nation’s second-largest newspaper company had paid off most of its old debt and still generates positive cashflow. But it might head to bankruptcy anyway so investors can get paid.
“Things that were on the fires-and-car-accident side of things would get a lot of pageviews, but didn’t seem to have lasting impact on the way that people live their lives around here.”
“As a former journalist, I was mindful of the power of honest storytelling. As an idealist, I felt that if only Americans knew the truth, changes would soon follow.”
Plus: Hello “lifestyle misinformation,” hundreds of dead newspapers “revived” online to support Indian interests, and all of the fact-checking discussion you could possibly want.
Damian Radcliffe and Jaycie SchenoneNovember 15, 2019
Attention, local newspaper owners: This is now a proven, IRS-approved path to convert your money-losing daily into a community nonprofit. Give it some thought.
What was once expected to be $200 million in annual cost savings has now grown to $400 million or more. But how much blood is left to be drawn from this stone?
“For some [publishers], this program will be a way to get a check. Some of them are going to pick up some ideas and tips and that’s the end of it. For some of them, it’s truly transformational in how they operate.”
Schmidt, Christine. "Facebook’s intentions may not be pure, but its money is real: How publishers made the most of its membership accelerator." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 14 Nov. 2019. Web. 10 Oct. 2024.
APA
Schmidt, C. (2019, Nov. 14). Facebook’s intentions may not be pure, but its money is real: How publishers made the most of its membership accelerator. Nieman Journalism Lab. Retrieved October 10, 2024, from https://www.niemanlab.org/2019/11/facebooks-intentions-may-not-be-pure-but-its-money-is-real-how-publishers-made-the-most-of-its-membership-accelerator/
Chicago
Schmidt, Christine. "Facebook’s intentions may not be pure, but its money is real: How publishers made the most of its membership accelerator." Nieman Journalism Lab. Last modified November 14, 2019. Accessed October 10, 2024. https://www.niemanlab.org/2019/11/facebooks-intentions-may-not-be-pure-but-its-money-is-real-how-publishers-made-the-most-of-its-membership-accelerator/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2019/11/facebooks-intentions-may-not-be-pure-but-its-money-is-real-how-publishers-made-the-most-of-its-membership-accelerator/
| title = Facebook’s intentions may not be pure, but its money is real: How publishers made the most of its membership accelerator
| last = Schmidt
| first = Christine
| work = [[Nieman Journalism Lab]]
| date = 14 November 2019
| accessdate = 10 October 2024
| ref = {{harvid|Schmidt|2019}}
}}
