The US has lost roughly a third of its local newspapers since 2005, with thousands of communities now classified as "news deserts" with little or no professional local-news coverage. Newsroom employment at newspapers has fallen by more than half over the same period. Causes include the collapse of classified-ad revenue (to Craigslist and others), display-ad revenue moving to Google and Meta, and ownership consolidation by hedge funds and chains.
Researchers have documented downstream effects: lower voter turnout in local elections, less informed civic engagement, higher municipal borrowing costs, and increased corruption when watchdog reporting disappears. The vacuum is partly filled by partisan "pink slime" outlets, social media, and rumor.
Policy responses include the proposed federal Local Journalism Sustainability Act (tax credits), state-level support, philanthropic and nonprofit-newsroom growth, public-media funding, and platform-publisher bargaining laws modeled on Australia and Canada.