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.
119 Auto ad dollars are up for grabs, per Borrell's latest study
118 Reporters share insights into reporting on January 6th attack and domestic extremism
117 6AM City takes a bold move into the digital news future
116 A preview of Borrell Miami
115 An update on the antitrust case against Google & Facebook
114 A home page with over 100 ads
113 States starve publishers of ad dollars if they refuse to pledge political allegiance
112 Alden Global Capital's bid for Lee Enterpises, what the heck does it mean?
111 TV Sales Expert, Jim Doyle's book, "Selling with a Servant Heart"
110 Urgent and Sustained Advocacy Needed for the LJSA
109 From TV network news producer to editor of 90 local, online only news sites
108 Fighting for a Native American free press
107 Prognostications, predictions and prophecies from industry execs
106 With 27 community papers meet Cherry Road Media
105 Behind Raw Story’s Progressive Mission
104 Fighting PIO chokepoints
103 Word in Black: Helping the Black Press Survive & Thrive
102 One File Helps Distinguish Between Real & Fake News
101 Radically Rural: Focusing on small-town America
100 What You Need to Know About Launching a News Website
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