"The number of digital news startup launches has been slowing since 2022 in Europe, Latin America, and North America, according to the new Global Project Oasis report. Global Project Oasis, a research project funded by the Google News Initiative that maps digital-native news startups globally, cited economic challenges, slow growth, and political conflicts as potential reasons for the drop."
This report is in-depth and fascinating. It seems obvious to me that having more news sources with specific focuses is a really good thing, but also that ensuring that they are sustainable is crucial. Many journalistic outlets were created by journalists with business models as almost an afterthought, so as certain kinds of funding dried up they became less viable.
One thing that I really wish was present in this report: platform. What was Substack's influence here? Or Ghost's? Are these WordPress shops? How many of them were aided by Automattic's Newspack, for example? These details could also be revealing.
We need journalism that keeps us more informed, and it's not a secret that many of our incumbent outlets are not doing the job. A healthy news startup ecosystem is one way we can get to a more informed voting population and stronger democracies in our local communities, nationally, and globally.
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