July 8, 2018

Taxpayers hurt by local newspaper closings

Truthdig - In a recent study, researchers from the University of Illinois and the University of Notre Dame found that local newspaper closures result in higher costs for taxpayers.

Dermot Murphy, one of the study’s co-authors, a professor of finance at the University of Illinois at Chicago, spoke with NPR’s Lisa Mullins about the finding.

“When a local newspaper closes, then they are no longer providing a crucial watchdog role for us. When a local government isn’t being watched, they are more likely to engage in bad behavior and just be more inefficient in general.”

Multiple studies support Murphy’s claims. When local newspapers stop their presses, civic engagement and political accountability decline.

....A recent study by the Newspaper Research Journal found a net loss of 1,800 newspapers between 2004 to 2015 due to mergers and closures.

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