Current:Home > MyAfter trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes -Ascend Finance Compass
After trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes
View
Date:2025-04-14 07:30:24
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! (12435)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Actor Joel Edgerton avoids conflict in real life, but embraces it on-screen
- 'Shy' follows the interior monologue of a troubled teen boy
- 'Warrior Girl Unearthed' revisits the 'Firekeeper's Daughter' cast of characters
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Jennifer Lopez Shares Rare Videos of Twins Emme and Max on 15th Birthday, Proving Love Don’t Cost a Thing
- Chef Kwame Onwuachi wants everyone to have a seat at his table
- All the Revelations Explored in Murdaugh Murders: A Southern Scandal
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- How Mya Byrne paved her long, winding road to country music with grit and sparkle
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- In 'Are You There, God?' Margaret's story isn't universal — and that's OK
- Shirtless Shawn Mendes Steps Out for Hike With Doctor Jocelyne Miranda
- Horror-comedy 'Beau Is Afraid' is a passion project gone astray
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Mexican army confirms soldiers killed 5 civilians in border city, sparking clash between soldiers and residents
- Jill Biden seeks more aid for East Africa in visit to drought-stricken region
- VanVan, 4, raps about her ABCs and 123s
Recommendation
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
House select committee on China set to hold first high-profile hearing on Tuesday
Why Selena Gomez Initially Deleted This Sexy Photo of Herself
Trailblazing opera star Grace Bumbry dies at age 86
Buckingham Palace staff under investigation for 'bar brawl'
Enter Camilla, a modern and complex queen
15 Makeup Products From Sephora That Are Easy Enough To Use With Your Fingers
Dozens dead after migrant boat breaks apart off Italian coast