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Pittsburgh City Paper‘s cover story this week takes a whack at the ink-stained/Twitter divide, asking: “As old media struggles, is a new breed of journalists up to the job of replacing it?”
And unlike the Newseum, which essentially ignores the role of good journalism supported by slutty ads, the PCP includes alternative newsweeklies in the mix. And gives—-is “props” the right word here?—-to our struggles. To wit:
The alternative press isn’t exempt. The past decade has seen a wave of increased consolidation in the weekly industry, and at least one chain is now in serious financial trouble. Creative Loafing, which has its flagship paper in the big and growing Atlanta market, filed for bankruptcy this year. The company borrowed millions to buy Chicago Reader and Washington City Paper. Although all three papers were making money, when advertising slowed down, debt payments overwhelmed revenue.
So the scene is wide open for new approaches.
Hear that Newseum? Why don’t you find a new approach and build a shrine to us before we’re dead.