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The Latest Breaking News from Tim Franklin

Warren Buffett's company invests in the New York Times six years after he sold all his newspapers

Five years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for the industry, Berkshire disclosed a new $350 million investment in the New York Times on Tuesday

The Independent UK

Nextdoor social site, looking for a revival, pins hopes on partnership with local news providers

The neighborhood social site Nextdoor is hoping for a revival by turning to local news providers

The Independent UK

Local news sources are still drying up, but there's growth in digital sites in metro areas

Newspapers in the United States closed at the rate of more than two per week during 2023

The Independent UK

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The AP is setting up a sister organization seeking grants to support local and state news

The Associated Press says it is setting up a sister organization to solicit donor funding in support of local and state news, both at AP and elsewhere

The Independent UK

Deluge of ‘pink slime’ websites threaten to drown out truth with fake news in US election

US sites pushing misinformation are proliferating, aiming to look like reliable sources as local newspapers close down

The Guardian - US

Is the US media layoffs phenomenon the next housing crisis?

The media sector’s challenges amplify shadow banks’ toll on the US economy and mirror the 2008 housing crisis.

Al Jazeera

Decline in local news outlets is accelerating despite efforts to help

A new report shows that the decline of local news outlets is accelerating despite efforts to help, and more people are aware of the dire problems facing the industry

The Independent UK

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Maine's biggest newspaper group is now a nonprofit under the National Trust for Local News

The largest newspaper group in Maine is becoming a nonprofit with the completion of the sale of more than 20 daily and weekly newspapers, including the Portland Press Herald

The Independent UK

Santa Barbara's daily, one of California's oldest, stops publishing after owner declares bankruptcy

The Pulitzer Prize-winning Santa Barbara News-Press, one of California’s oldest newspapers, has ceased publishing after its owner declared the 150-year-old publication bankrupt

The Independent UK

Pets at Home, Co-op and The Very Group: The 29 latest North West hires and promotions

BusinessLive rounds up the latest appointments and promotions in the North West

Birmingham Post

‘Wildfire of disinformation’: how Chevron exploits a news desert

As the closures of newspapers leave Americans struggling for information, Chevron has swooped in to serve up a mixture of local news and propaganda

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