Over the last 30 years, we have financed SN&R with advertising, mainly from local businesses promoting social gatherings at concerts, theaters, galleries and in bars and restaurants. The coronavirus-related shutdowns, postponements and cancellations are having a huge impact on these advertisers and our local economy.
Many of these businesses have been forced to cut their advertising back to the point that starting next week, we will have to suspend publishing and lay off nearly all of our amazing and talented staff, we hope only temporarily.
Over the years, we have experienced numerous crises. We were able to use our financial reserves to pull us through those times when advertising revenues were less than expenses. We were able to keep the paper going and to continue to provide local coverage.
But over the last ten years, as more and more businesses have moved their advertising dollars to Facebook and Google, the foundation of the media business model has crumbled. These large internet companies collected revenues without having to generate expensive local coverage. This has caused a crisis for most media companies, including the News & Review.
Information and good journalism is needed now more than ever. This week, our editor Foon Rhee and his staff rewrote much of the paper with stories on the local impact of the coronavirus pandemic. This type of vetted information is desperately needed right now.
And our dedicated team is experienced at sorting through and presenting complex information and then getting that vital information out to the community. Each month, more than 400,000 people read SN&R, according to the independent Media Audit.
But without advertising revenue, we can’t meet our payroll. It costs us roughly $45,000 a week to produce SN&R; that’s a little more than 10 cents for each of our 433,000 readers. The bulk of that cost is labor. This week we have less than $20,000 in expected revenue to cover $45,000 of expenses. That is our problem.
The community cost of not having good information during a crisis is staggering. People need to know what their local governments and public health organizations are doing. They need to know what is happening with schools and daycare. They need to know how local businesses are adapting services, such as restaurants that are pivoting to take-out and delivery. And they need help dealing with the emotional side of such a crisis. We know other local journalists—at The Sacramento Bee, Capital Public Radio and elsewhere—will step up.
But our community needs all hands on deck. And we want to help. While we will suspend publication of our print newspaper, we will continue to provide news and arts coverage online on our blog: sacramento.newsreview.com.
At our sister paper in Chico, we produced more than 300 stories after the 2018 Camp Fire devastated Paradise. Our award-winning journalism helped the community cope with the aftermath. The impact of this coronavirus crisis will also be long-lasting.
There is a misperception that content somehow just exists on the internet. That content needs to be created first. And that is our business. We are appealing to anyone who wants to help keep our journalism alive. To donate, go to newsreview.com/sacramento/donate.
Over the last 30 years we have worked to make Sacramento a better place. We would like to continue to do this work. If you can help, please email me.
Go Fund me?
So sorry to hear about the impact this is having on you. Local media and news is so important and I would miss seeing SN&R throughout Sac
Jeff – couldn’t you just charge for the paper? Even if it’s a temporary charge, until the ship rights somewhat and advertisers begin to return? my math says if you charge, say 50 cents a copy, that’s $215,000. And even a quarter brings in $108,000. I know you have a tradition of a free paper, but these aren’t traditional times. And you’re a very valuable resource.
Hang in there, Jeff.
how about going internet only for a while, we still need to have our advertisement out there and news of what’s going on. Just a thought
Please Open de go fund me!! We can help you, much better!!
I wish you the best and appreciate what your reporters, reviewers, columnists, designers, photographers, and advertising and circulation staff have made possible for us. I have patronized many of your advertisers and wouldn’t have known of many events and establishments without ads in the SN&R. I would be happy to subscribe to this paper. I know that your distribution system would have to change to make everybody pay for it. I wonder about creating a tier of sustaining subscribers, like starting at $1/week. If 1/10 of your readers did that, you’d almost have $45,000.
i looked on your website for ad rates, but no numbers. how much do you charge for a small, medium and quarter-page ad for one local paper? people could send proclamations out to the community on topics of their choice. we could have some fun here…
can the news & review transform into a non-profit?
consider charging as 1 person mentioned. I will donate, but would rather sign up for a subscription that guarantees you and your papers income, and me the news. I am retired, but would consider 5$/month. All the News and reviews serve a niche in their communities. I have been reading the CN&R since the 70s and enjoyed pick a copy up in both Sacramento and Reno when visiting. please reconsider. Ask for help from your readers and I think (I could be wrong) a good number will rally.
second comment from me. heck the NYT is 1$ a week, but of course they come out every day and then there is the weekend/sunday edition, which might be more. Again, please consider brainstorming ways to stay up and afloat.
I so agree with the suggestions here. Asking for donations isn’t a longterm sustainer of business. Set up a GoFundMe for the current emergency while starting a subscription model. I too would pay 5 a month.