Coronavirus-Driven Downturn Hits Newspapers Hard as TV News Thrives
Among the six publicly traded newspaper companies studied, second-quarter advertising revenue fell by a median of 42% year over year.
Nearly as many U.S. adults prefer to get local news online as through a TV set. And while Americans prize community connection from their local news providers, they are largely unaware of the financial challenges they face.
In-depth case studies in three disparate cities (Denver, Macon and Sioux City) show that local news still matters, with nearly nine-in-ten city residents following it closely.
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