October 24th, 2009 
joel 
Columbia Journalism Review
A new report from a professor from the Columbia School of Journalism and the former executive editor of the Washington Post calls for a federal loan program to support the generation of local news. The report, appearing in the Columbia Journalism Review, calls to question whether “independent news reporting is a public good whose diminution requires urgent attention.” To further quote The Reconstruction of American Journalism:
What is under threat is independent reporting that provides information, investigation, analysis, and community knowledge, particularly in the coverage of local affairs.
Howard Kurtz of the Washington Post provides some good analysis of the scholarly report, punctuated by many “green shoots” of entrepreneurship by professional journalists.
Considering the massive layoffs throughout the local media community, would easier access to credit benefit those journalists remaining to continue strong independent reporting?
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