Current:Home > reviewsAfter trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes -Wealth Axis Pro
After trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes
View
Date:2025-04-17 13:20:34
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! (777)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- A flash in the pan? Just weeks after launch, Instagram Threads app is already faltering
- Idaho Murders Case: Judge Enters Not Guilty Plea for Bryan Kohberger
- Music program aims to increase diversity in college music departments
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- The End of New Jersey’s Solar Gold Rush?
- North Dakota governor signs law limiting trans health care
- Hunter Biden reaches deal to plead guilty to tax charges following federal investigation
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- San Francisco, Oakland Sue Oil Giants Over Climate Change
Ranking
- Meta releases AI model to enhance Metaverse experience
- With Odds Stacked, Tiny Solar Manufacturer Looks to Create ‘American Success Story’
- Khloe Kardashian Shares Adorable Cousin Crew Photo With True, Dream, Chicago and Psalm
- The truth about teens, social media and the mental health crisis
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- States Look to Establish ‘Green Banks’ as Federal Cash Dries Up
- At least 4 dead and 2 critically hurt after overnight fire in NYC e-bike repair shop
- Alfonso Ribeiro's Wife Shares Health Update on 4-Year-Old Daughter After Emergency Surgery
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Climate Crisis Town Hall Tested Candidates’ Boldness and Credibility
Top CDC Health and Climate Scientist Files Whistleblower Complaint
Sydney Sweeney Makes Euphoric Appearance With Fiancé Jonathan Davino in Cannes
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
U.S. charges El Chapo's sons and other Sinaloa cartel members in fentanyl trafficking
Study finds gun assault rates doubled for children in 4 major cities during pandemic
Khartoum's hospital system has collapsed after cease-fire fails