Current:Home > InvestAfter trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes -RiskWatch
After trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes
View
Date:2025-04-18 14:32:36
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! (126)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Rhinestones on steering wheels: Why feds say the car decoration can be dangerous
- FDA approves a new weight loss drug, Zepbound from Eli Lilly
- Connecticut man charged after police find $8.5 million worth of illegal mushrooms in home
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Moderate 5.3 magnitude earthquake recorded in sparsely populated western Texas county
- Will stocks trade on Veterans Day? Here's the status of financial markets on the holiday
- 'The Voice': Tanner Massey's emotional performance reminds Wynonna Judd of late mother Naomi
- What to watch: O Jolie night
- Bruce Springsteen gives surprise performance after recovering from peptic ulcer disease
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Radio reporter arrested during protest will receive $700,000 settlement from Los Angeles County
- Woman charged with threatening federal judge in abortion pill case arrested in Florida
- UN nuclear chief says nuclear energy must be part of the equation to tackle climate change
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- 2 more endangered Florida panthers struck and killed by vehicles, wildlife officials say
- Ukraine gets good news about its EU membership quest as Balkans countries slip back in the queue
- Where to watch the 2023 CMA Awards, plus who's nominated and performing
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Liberal and moderate candidates take control of school boards in contentious races across US
Judge sets bail for Indiana woman accused of driving into building she believed was ‘Israeli school’
Democrat wins special South Carolina Senate election and will be youngest senator
Highlights from Trump’s interview with Time magazine
Ohio legalizes marijuana, joining nearly half the US: See the states where weed is legal
Holocaust survivor recalls ‘Night of Broken Glass’ horrors in interactive, virtual reality project
Drivers are more likely to hit deer this time of year: When, where it's most likely to happen