On February 4th, 2024, the president of Rebuild Local News and co-founder of Report for America, Steven Waldman, penned an op-ed for E&P Magazine entitled “In defense of (some) old media. Writing off legacy media will lead to bad public policy.” In the very first sentence of the piece, Waldman took aim at the January 24th, 2024 article, “Is it time to give up on old news?” which was penned and published by Jeff Jarvis, author and former professor and director of the Tow-Knight Center for Entrepreneurial Journalism at the Craig Newmark Graduate School of Journalism at CUNY. In the article, Jeff Jarvis stated, “Giving more money to old media is throwing good after bad.”
Jarvis stated, “The old news industry has failed at adapting to the internet and every one of their would-be saviors — from tablets to paywalls to programmatic ads to consolidation to billionnaires — has failed them. Hedge funds have bought up chains and papers, selling everything not bolted down, cutting every possible cost and taking every penny of cash flow home with them. The one thing the old companies are still investing in is lobbying.”
Within Waldman’s editorial, he countered by stating that he disagrees that it’s time to dispense with “legacy” or “old” media by writing, “First, even generalizing about 'old media' is absurd. That category includes about 7,000 local news entities of different shapes, sizes and ownership structures, including most Black and Hispanic newspapers.” Waldman also said, “So the real problem must be the big city dailies. Except in his piece, Jarvis (who is an old friend) noted that The Boston Globe, Minneapolis Star Tribune and Advance publications (Newhouse family) in Alabama ‘seem to be surviving or better.’ So ‘old media’ is pathetic ... except for the ones that aren’t. And we should only invest in nonprofit media ... except for the for-profits we like.”
In this episode of “E&P Reports,” we bring together two well-known media experts, Steven Waldman and Jeff Jarvis, in one interview. These two gentlemen have publicly disagreed on major issues and have been getting the lion's share of exposure in representing the news media industry to the national press. They are becoming high-profile advocacy spokespeople on opposite sides of several current, significant legislative matters debated at state and federal levels.
Topics discussed include:
· The reasons behind recent major media company layoffs (such as the LA Times, Newsweek and Sports Illustrated) and shutdowns (like the 10-month start-up to shuttering of the Messenger).
· The impact of corporate and hedge fund newspaper ownership on local communities and what can or should be done to give others a chance to own these local titles.
· Public media’s entrance into local newspaper ownership and how this may become the norm in the coming months.
· Addressing the “hard questions” about current legislation and whether the government should or should not become involved in helping save legacy media.
· And more.
139 Exploring two centuries of “Clash” between presidents and the press
138 The trilingual La Gaceta: News, politics and opinion, all rolled into one.
137 Merger of News Media Alliance (NMA) and The Association of Magazine Media (MPA) is a go!
136 Stewart Bainum’s journey to launch the Baltimore Banner
135 Deep-fake videos make people doubt what they see with their own eyes
134 Latest Borrell study shows OTT on the rise surpassing search in 3-years.
133 ARPA Funding gives 150 Businesses Access to Advertise with the R-J
132 Meet Ben August, the new owner of NYC’s voice of labor, The Chief.
131 This 108-year-old Alaskan newspaper is free for the taking.
130 News vets exit the daily to start a growing nonprofit
129 Florida's public notice reversal. A panel discussion
128 Florida reverses recently approved legislation requiring public notices on local newspapers
127 One-on-one with columnist Rex Huppke, as war breaks out during his 1st week at USA Today
126 Getting to know the Military Veterans in Journalism
125 100-percent sponsored content. Jed Williams & Dave Arkin’s Check Out DFW
124 Why we need and how to achieve diversity, equity and inclusion
123 When a Texas daily folds, a weekly tabloid explodes.
122 News industry advocates appeal to Congress to pass safe-harbor bill
121 A frank chat with news publishing technology veteran Kurt Jackson
120 American Journalism Project makes good on a promise to fund nonprofit local news
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