The cost of losing local journalism is more than just a metaphorical one. A group of finance professors found that fewer local reporters are leading to higher municipal borrowing costs for local governments. Thanks to @rebuildlocalnews.bsky.social for chatting - www.kuaf.com/show/ozarks-...
Fewer local reporters may mean higher borrowing costs for local governments
Researchers Dermot Murphy of the University of Illinois Chicago and Matt Baker of Rebuild Local News explain how shrinking local news coverage drives up what local governments pay to borrow.
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