Worth a mention...Colorado Sun is a great example of what local journalists can do after local legacy organizations are snapped up by national/global organizations.
After the Denver Post was acquired by Alden Global Capital, the paper's hedge fund owner,they laid of 1/3 of newsroom staff to maintain a profit margin on the property in the 20 percent range.
Several of those laid off (and some volunteered to migrate), they formed the Colorado Sun, which is online-only and does actual deep investigations locally. It's probably still hard and the money isn't easy, but its better than what we had!
After the Denver Post was acquired by Alden Global Capital, the paper's hedge fund owner,they laid of 1/3 of newsroom staff to maintain a profit margin on the property in the 20 percent range.
Several of those laid off (and some volunteered to migrate), they formed the Colorado Sun, which is online-only and does actual deep investigations locally. It's probably still hard and the money isn't easy, but its better than what we had!