News Media Consolidation and the Threat to Democracy – by Ark … – The Ark Valley Voice
The just-announced purchase of the local Arkansas Valley Publishing group by an Arizona-based media means that the ownership of our competitor will no longer be local. While the buyer has assured employees and the public that there will be no change, this is as yet an unrealized promise. If this is true, well then we still have worthy competition.
More commonly, conglomerate purchases of local media can be a blow not just to local journalists and in-depth local coverage, but to diverse viewpoints and perhaps long-term, to democracy itself.
This is not an exaggeration. The mass buy up of so many legendary newspapers and broadcast entities by massive hedge funds and private equity groups in the past five to ten years shows no sign of letting up. The trend is moving down the media ladder to smaller and more rural news media.
The result in many local news markets has been homogenized content because the focus is on revenue production (translation: advertising) rather than the newsroom….
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