Current:Home > ScamsAfter trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes -WealthRoots Academy
After trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes
Will Sage Astor View
Date:2025-04-06 19:36:50
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! (59)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- July was the globe's hottest month on record, and the 11th warmest July on record in US
- Leandro De Niro Rodriguez's cause of death revealed as accidental drug overdose, reports say
- Zoom, which thrived on the remote work revolution, wants workers back in the office part-time
- 'Most Whopper
- Nevada governor seeks to use coronavirus federal funds for waning private school scholarships
- The end-call button on your iPhone could move soon. What to know about Apple’s iOS 17 change
- Ex-Pakistan leader Imran Khan's lawyers to challenge graft sentence that has ruled him out of elections
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Here's when you should — and shouldn't — use autopay for your bills
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Coroner’s office releases names of 2 killed in I-81 bus crash in Pennsylvania
- University of Georgia fires staffer injured in fatal crash who filed lawsuit
- Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
- Why members of two of EPA's influential science advisory committees were let go
- Whataburger is 73! How to get free burger on 'National Whataburger Day' Tuesday
- Inside Pennsylvania’s Monitoring of the Shell Petrochemical Complex
- Summon the Magic of the Grishaverse with this Ultimate Shadow and Bone Fan Gift Guide
Recommendation
Rylee Arnold Shares a Long
Summon the Magic of the Grishaverse with this Ultimate Shadow and Bone Fan Gift Guide
Olivia Newton-John's Family Details Supernatural Encounters With Her After Her Death
Man fatally shot by police officer in small southeast Missouri town
A White House order claims to end 'censorship.' What does that mean?
These Tank Tops Have 5,200+ 5-Star Reviews and You Can Get 3 for Just $29
District attorney threatens to charge officials in California’s capital over homelessness response
More arrest warrants could be issued after shocking video shows Montgomery, Alabama, riverfront brawl