The technology industry is pushing local journalism over the edge, according to a new report from the office of Sen. Maria Cantwell, a Democrat from Washington state.
The report released Tuesday predicts that by the end of 2020, newspaper revenue will be down 70% compared to 20 years ago and broadcast revenues will dip more than 40%. The losses have created “news deserts” in 200 counties across the U.S. where there are no local newspapers covering their communities. More than 400,000 newsroom employees have been laid off, 60% of the nation’s local journalism jobs, according to the report.
“Local news has been hijacked by a few large news aggregation platforms, most notably Google and Facebook, which have become the dominant players in online advertising,” the report says. “These trillion-dollar companies scrape local