Just Economy Conference – May 10, 2021
A just economy requires informed communities and trusted sources of news and information. But in communities across the nation, local journalism has collapsed. Commercial newspapers have been decimated by the migration of local advertising to national and global platforms, especially Google and Facebook. Between 2008 and 2019, U.S. newspapers shed half their newsroom employees. Like food and banking deserts, news deserts are spreading. At the same time, disinformation, conspiracies and deepened political divisions, amplified through weaponized social media platforms, have eroded trust in news and in journalists themselves. This session will explore the role of local journalism in community wealth and prosperity, and how to spark more public and private sector investment in trusted, fact-based journalism. We will also explore scenarios for the Community Reinvestment Act to spark greater investment in local journalism.