From The New Yorker (to read later): “What to do about local-news erosion is more complicated. In an ideal world, every American would be getting quality journalism—news deserts would turn into lush sod for investigative reporters to muck around in. But the business model isn’t for the faint of heart, and, even on the nonprofit side of things, the reality of the marketplace comes to bear; not every place can sustain an outlet without major, and somewhat risky, investment.”
The story is here: Is There a Market for Saving Local News? | The New Yorker.