Current:Home > MyAfter trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes -GrowthSphere Strategies
After trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes
View
Date:2025-04-17 08:25:33
HARTFORD, Conn. (AP) — After trying to buck a national trend of media closures and downsizing, a small Connecticut newspaper founded earlier this year with Ralph Nader’s help has succumbed to financial problems and will be shutting down.
An oversight board voted Monday to close the Winsted Citizen, a broadsheet that served Nader’s hometown and surrounding area in the northwestern hills of the state since February.
Andy Thibault, a veteran journalist who led the paper as editor and publisher, announced the closure in a memo to staff.
“We beat the Grim Reaper every month for most of the year,” Thibault wrote. ”Our best month financially resulted in our lowest deficit. Now, our quest regrettably has become the impossible dream. It sure was great — despite numerous stumbles, obstacles and heartaches — while it lasted.”
Nader, 89, the noted consumer advocate and four-time presidential candidate, did not answer the phone at his Winsted home Monday morning.
The Citizen’s fate is similar to those of other newspapers that have been dying at an alarming rate because of declining ad and circulation revenue. The U.S. has lost nearly 2,900 newspapers since 2005, including more than 130 confirmed closings or mergers over the past year, according to a report released this month by the Northwestern/Medill Local News Initiative.
By the end of next year, it is expected that about a third of U.S. newspapers will have closed since 2005, the report said.
In an interview with The Associated Press in February, Nader lamented the losses of the long-gone Winsted daily paper he delivered while growing up and a modern successor paper that stopped publishing in 2017.
“After awhile it all congeals and you start losing history,” he said. “Every year you don’t have a newspaper, you lose that connection.”
Nader had hoped the Citizen would become a model for the country, saying people were tired of reading news online and missed the feel of holding a newspaper to read about their town. He invested $15,000 to help it start up, and the plan was to have advertising, donations and subscriptions sustain monthly editions.
The paper published nine editions and listed 17 reporters on its early mastheads. It’s motto: “It’s your paper. We work for you.”
In his memo to staff, Thibault said the Citizen managed to increase ad revenue and circulation but could not overcome an “untenable deficit.”
“Many staff members became donors of services rather than wage earners,” he wrote, “This was the result of under-capitalization.”
The money problems appeared to have started early. Funding for the second edition fell through and the Citizen formed a partnership with the online news provider ctexaminer.com, which posted Citizen stories while the paper shared CT Examiner articles, Thibault said.
Thibault said CT Examiner has agreed to consider publishing work by former Citizen staffers.
The Citizen was overseen by the nonprofit Connecticut News Consortium, whose board voted to close it Monday.
veryGood! (1364)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- D.C. sues home renovation company Curbio, says it traps seniors in unfair contracts
- UK took action too late against COVID-19 during first wave of pandemic, top medical officer says
- Making the Most Out of Friendsgiving
- Sam Taylor
- The Rolling Stones announce 2024 North American Tour in support of ‘Hackney Diamonds’ album
- Prosecutors won’t pursue assault charge against friend of Ja Morant after fight at player’s home
- Caitlin Clark predicts Travis Kelce's touchdown during ManningCast appearance
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Travis Kelce draws sympathy from brother Jason after rough night in Chiefs' loss to Eagles
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Federal appeals court rules private plaintiffs can't sue in blow to Voting Rights Act
- Tom Schwartz Reveals Katie Maloney’s Reaction to Winter House Romance With Katie Flood
- Man fatally shot 2 people at random at Arizona bus stop, police say
- The Super Bowl could end in a 'three
- Listeria outbreak linked to recalled peaches, plums and nectarines leaves 1 dead, 10 sick
- Happy Thanksgiving. I regret to inform you that you're doing it wrong.
- For some Americans, affording rent means giving up traveling home for the holidays
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Musk's X sues Media Matters over its report on ads next to hate groups' posts
Putin, Xi and UN Secretary-General Gutteres to attend virtual meeting on Israel-Hamas war
Oscar Pistorius will have another chance at parole on Friday after nearly a decade in prison
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Niger’s junta asks West Africa’s court to compel neighbors to lift coup sanctions, citing hardship
Why A$AP Rocky Says Raising 2 Kids With Rihanna Is Their Best Collab Yet
Property dispute in Colorado leaves 3 dead, 1 critically wounded and suspect on the run