Shrinking Newspapers Have Created $1.6 Billion News Deficit

Newspapers have, just in the last several years, reduced their spending on journalism by about $1.6 billion annually. The new media sector defies that kind of collective measurement. By its nature, digital launches are extraordinarily diffuse. There is room for debate over what qualifies as a news/information site. And by any definition, new media ventures are a fast moving target with the pace accelerating even in the last few months. But would take roughly 1,600 MinnPosts or Voice of San Diegos to replace the spending on journalism newspapers have cut.