Newspapers Without Newsrooms

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Newspapers Without Newsrooms

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For decades, newsrooms were the center of the lives of newspaper reporters and editors. Even when out on assignment, they would return to crowded, noisy, cavernous newsrooms, where stories were edited and sent to production and distribution, often in the same building. Now, at more and more papers, the newsroom is gone entirely, victims of the cost-cutting meant to keep them alive.

Tribune Publishing Co. (NASDAQ: TPCO), one of the largest newspaper chains in the United States, will close some of its newsrooms permanently. Among those will be the New York Daily News. It has been operating in America’s largest city since 1919. It was once among over a half dozen large newspapers sold successfully in New York. The only competition left are the New York Post and the immensely successful New York Times, owned by New York Times Co. (NYSE: NYT | NYT Price Prediction).

The first reason newsrooms were closed recently is the spread of COVID-19. Once that cleared newsrooms, it became obvious to owners that people could “work from home.” Even some reporters and editors of The New York Times have not been asked to return.

It is still too early to tell whether it is critical that reporters and editors be in one place to produce their best work. Cuts in newsroom staffs already mean their best work as a whole is behind them. The shuttering of newsrooms may undermine the future of newspapers more, even if it saves what has become very precious money.

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Dozens of newspapers have closed this year. Maybe staffs working from home would have saved enough money to keep some of them alive longer. However, most of those that closed would have done so anyway. Ultimately, disappearing newsrooms barely will slow the end of newspapers in many places. The industry is too far gone.
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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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