"I'm not here to talk about what's happening in Pittsburgh, which is a unique situation with many challenges. I'm here to explain that in Cleveland, you have a newsroom that has worked feverishly for nearly 15 years to make sure its financial health ensures it does not suffer the fate of the Post-Gazette. We've just closed our most successful year. Once again, the newsroom-on its own-generated more revenue than all of its expenses combined."
"That concept was unthinkable not that long ago. For most of the history of journalism, advertising generated the money, and the newsrooms spent it. As most readers know, the digital age cut deeply into advertising revenue beginning more than 20 years ago, and newspaper newsrooms across the country went into steady decline. We are part of the Advance Local chain, which determined 15 years ago that the only way to preserve"
The Cleveland newsroom achieved financial self-sufficiency by generating more revenue than its expenses and closing its most successful year. Advertising revenue declined with the digital age, prompting a 15-year shift toward digital strategies and new revenue streams. Advance Local redirected efforts from expecting digital advertising to encouraging newsrooms to generate their own revenue starting in 2018. Staff received annual raises since 2014, and budgeting faces pressures from inflation and rising service costs. The newsroom began 2025 with a challenging budget, grew revenue to finish ahead of budget, and expanded audience and advertising to support continued operations.
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