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State of News: Colorado 2023

About this Report

The 2023 State of News: Colorado is based on the most comprehensive survey of state news outlets to date. In October and November 2023, the Colorado News Survey was distributed to 307 newsrooms; 93 answered, for a response rate of 30%. The survey, with more than 50 questions and 5,000 data points, asked about business structures, challenges, distribution, diversity and finances for 2022.

After a period of data cleaning and analysis, COLab is pleased to present State of News: Colorado to news media, their communities, researchers and others who are on the path with us in building stronger communities through stronger local news.

COLab is grateful to the Colorado Press Association and Colorado Media Project, who helped design the survey, and to CMP’s funder roundtable, who help support both COLab and CPA.

Our intention is for State of News: Colorado to be a baseline for local newsrooms to compare their experiences with each other and with news outlets nationwide, such as the INN Index from the Institute for Nonprofit News. From here, we will be able to track trends, anticipate challenges and spot opportunities to make Colorado’s news ecosystem ever stronger.

To learn more, visit: colabnews.co/StateOfNewsCO

A .pdf of the report can be found here.

ABOUT COLAB

Within the journalism ecosystem in Colorado, the Colorado News Collaborative (COLab) is the direct services arm, working with 183 media partners to accomplish our mission: Stronger communities through stronger local news. COLab tests and develops shared services for Colorado news media, supporting news outlets in what we call the “Four Rs”: Reporting, Reach, Revenue and Resources.

ABOUT CPA

Founded in 1878, the Colorado Press Association is the non-profit trade association representing 130+ community newspapers and online news sites. Membership accesses expertise in state legislative issues, press credentials, education and training, job opportunities, internships and industry news.

ABOUT CMP

Colorado Media Project is a community-informed, multi-funder coalition dedicated to supporting innovations that make the state’s local media ecosystem more sustainable, collaborative, inclusive and accountable to the public it serves. It’s home to Press Forward Colorado, a local affiliate of the nationwide Press Forward initiative to raise $1 billion to catalyze a local news renaissance.

Forward

The challenges facing the free press are well documented. Dramatic changes in technology flooded the internet with information – and disinformation and info-tainment. It left in shambles a centuries-long business model of selling advertising to support serious news coverage. The result: Nearly half the journalists who once covered Colorado news are gone. And the rest are exhausted. Local news outlets are struggling.

Yet there are bright spots. Colorado is recognized as a leader in the rebirth of local news, with perhaps the most cooperative news ecosystem in the nation. For example, diverse media serving underrepresented communities here are leading the way in testing new collaborative approaches to both content and revenue, and teaching others as they go.

State of News: Colorado analyzes the results of the 2023 Colorado News Survey. It reveals more bright spots – and more concerns. Half the newsrooms said they plan to grow their staff this year, while only 5% plan reductions. There’s also a clarity of purpose about the importance of connecting with and better serving the public, especially marginalized communities. There’s an urgent desire to modernize their business models. This report answers questions like what’s the reach of the average news outlet in Colorado? Are they earning more or less revenue than last year? What are their plans for the coming year?

COLab is a nonprofit serving news outlets of every stripe: Rural, urban, suburban. Print, digital, broadcast. For-profit and nonprofit. Last year, we interacted with 183 Colorado newsrooms as we led or co-led 20 different programs. This analysis is informed by that deep and ongoing interaction with front-line news professionals. COLab partners are diverse and driven to serve their communities.

It is our hope that this report – the most comprehensive, detailed look at Colorado media yet – will help map a continued path forward for quality local news in our state.

Laura Frank, COLab Executive Director

INDEX

CHAPTER 1: CHALLENGES
What news outlets across Colorado are experiencing and expecting

CHAPTER 2: COVERAGE
What news outlets say their communities want, and how staffing, budgets and diversity issues impact what newsrooms can do

CHAPTER 3: CONNECTIONS
How newsrooms reach their communities, and their communities reach them

CHAPTER 4: CONCLUSIONS
What’s next for Colorado’s newsrooms

CHAPTER 1: CHALLENGES

What news outlets across Colorado are experiencing and expecting

Colorado news outlets face significant hurdles, including financial instability, staff burnout, and the difficulty of keeping pace with digital innovation. Despite these challenges, the commitment to maintain journalistic quality and community service remains strong, underscoring the critical role of a healthy free press in a thriving democracy.

In the 2023 survey, we asked a series of open-ended questions about the greatest challenges Colorado newsrooms face. When we analyzed the answers of 93 outlets that responded, five things rose to the top:

  1. Funding for operational expenses is insecure.
  2. Burnout and shortage of staff, both in newsrooms and non-editorial roles, is stressing operations.
  3. Keeping up with best practices, especially in the digital realm, is a struggle.
  4. Maintaining operations of multiple platforms is a challenge, especially for those who have both print and digital operations because the former is rapidly growing more expensive and the technology changes so quickly and dramatically for the latter.
  5. News outlets are struggling to maintain journalistic quality and deepen community service while they are facing such difficult operational challenges.

The impacts these challenges have on news media affect the communities they serve. We know from repeated peer-reviewed research that a strong, healthy free press supports a strong, healthy democracy. When the public lacks access to reliable information, research shows government corruption and costs rise, polarization increases and civic participation declines.

A strong, healthy free press supports a strong, healthy democracy.

A review of some of the comments news leaders shared shows the authenticity and urgency of the challenges faced by news media in Colorado and highlights different aspects of their struggle:

“We’re at a point where we don’t have the resources to keep doing the editorial work we need to do to maintain quality, trust, and engagement while increasing our fundraising and philanthropy outreach.”

“There’s no long-range solution to our lack of resources and it seems like because we’re unwilling to put out a mediocre product to put resources elsewhere, we’re stuck in this hamster wheel of just trying to survive.”

“The biggest challenge is finding the time that’s needed to focus on funding.”

So what to do? News outlets across Colorado say they want help in seven areas:

Addressing these needs will directly help newsrooms meet their communities’ expectations for coverage. Innovative revenue models, collaborative efforts and digital strategies will not only secure the future of newsrooms, but also help them better cover a wide array of topics that matter to their communities.

CHAPTER 2: COVERAGE

What news outlets say their communities want, and how staffing, budgets and diversity issues impact what newsrooms can do

When asked to name the top five topics covered by their newsroom, outlets listed a total of more than 30 topics among the most important for their communities. Here’s how they ranked, with the number of outlets naming each topic as among their most important.

To understand the challenges in providing the coverage that communities want and need, it’s helpful to understand more about what these outlets are experiencing.

Ninety-three news outlets responded to the Colorado News Survey in the fourth quarter of 2023. Mapping the counties they cover produces a visualization of where Colorado is vulnerable to news deserts. News outlets that participated in the survey can be considered a proxy for active, independent, original reporting in that county.

This map shows the greatest risk of news deserts in Colorado’s Eastern Plains, San Luis Valley and Northwest corner of the state. That pattern mirrors the Northwestern University State of Local News 2023 report, which identifies more than 200 counties in the U.S. with only one news outlet and a high poverty rate, putting them at elevated risk of losing their news source. It also mirrors the Colorado News Mapping Project, a collaboration among the Colorado College Journalism Institute, the University of Denver, Colorado Media Project, COLab and others, that aims to map all sources of news and information in every county.

It’s also important to know that most local news outlets in Colorado are very small. They have only a few people producing journalistic stories and they have even fewer who are responsible for raising revenue and managing operations. Sometimes the people in these roles are one in the same. Not counting the two largest newsrooms that responded to the survey (Colorado Public Radio and The Denver Post), the average responding newsroom has fewer than three people producing content (2.59). Not counting the two largest employers of non-editorial staff (CPR and Rocky Mountain PBS), outlets average 1.4 non-editorial staff each.

Four out of five survey respondents shared at least some financial information, including whether they saw budget cuts or growth, or flat budgets year-over-year. Half the outlets that shared financial information in the 2023 survey said their revenue decreased in 2022 compared to the previous year. One in five said it increased. One in eight stayed the same. Seventeen outlets didn’t answer.

The impact of these financial challenges has resulted in some layoffs – and deep feelings of exhaustion and burnout among those media professionals who remain, striving to do the same with less.

The budget picture does vary across media types in Colorado. We compared for-profit and nonprofit media, plus looked at budgets by type of platform, particularly those whose distribution is primarily print vs. website. The richest data came from print-centric outlets, where 94% of respondents provided some financial data. Those data show that print-first outlets (almost none are print-only) were much more likely than digital-first outlets to face budget cuts.

More than two-thirds of print outlets had decreased budgets. Digital outlets that shared budget information were split evenly when it came to budget cuts or growth, with about a quarter experiencing each. One in eight had flat budgets. Digital outlets include those whose primary distribution methods are either websites or email newsletters.

Analyzing how for-profit and nonprofit news outlets budgets compared to their previous year finds some differences. Nearly half of locally owned for-profit news outlets saw decreases in their budgets. Among these Colorado small businesses and sole proprietorships, barely one in 10 saw an increase in budgets year-over-year. But one in three held steady financially.

When it comes to nonprofits, about a quarter who shared financial information saw budget cuts. But another quarter grew their budgets year-over-year. Seven percent stayed the same.

These data will inevitably raise questions about where support organizations like COLab or journalism funders should put their resources. Does this show a need to help locally-owned small businesses and sole proprietorships or it is evidence that investments should go to newer, digital nonprofits?

There will be many opinions. American Journalism Project, which has raised $168 million in funding nationally, has decided to invest solely in nonprofits and has helped 48 of them since launching in 2019. Press Forward, the newly announced effort to raise half a billion dollars for local journalism, is leaving the question largely up to individual funders. Closer to home, Colorado Media Project, which became home to a Press Forward local affiliate this year, has long funded both nonprofit and for-profit media, if the for-profit entities are locally owned.

One school of thought considers that building a new journalism entity – especially a nonprofit one – is more efficient than evolving a legacy outlet. Our experience in the past four years has taught COLab several things that shape our opinion on this matter. First, there are not enough philanthropic dollars for all news outlets to become well-supported nonprofits. Second, a majority of the public still depends on legacy for-profit news outlets for their news. Indeed, most Americans have traditionally gotten their news from local commercial television, though that is shifting to digital sites.

So COLab has and continues to advocate for a balanced approach, recognizing the critical role both nonprofit and for-profit news sources play in informing the public, and respecting the importance of community choice in shaping the media landscape.

We seek to raise all boats. And we believe it is up to individual communities to decide what kinds of news outlets they want.

The Great Transition

All but one of the 24 print-centric news outlets in this survey reported that their revenue still comes overwhelmingly from print ads and sponsorships. The 24th was split evenly between print and digital revenue. This reliance on print advertising is true even when the outlet has a robust digital product.

Among those print-centric outlets, the percentage of revenue from the print product ranged from 20% to 100%, with an average of two-thirds of revenue coming from print and a median of 70%. So even as news outlets strive to enhance their digital products, most of their revenue still comes from their print products.

This, of course, adds to the complexity of trying to help strengthen public service news in Colorado because we know that print revenue and reach are both declining rapidly, as they are across the nation. But it reminds us that there is still vitally important revenue coming from print products and we cannot abandon them outright. There will continue to be a delicate dance – and an exhausting one – of servicing both print and digital news products for some time to come. That time period will be different for each community.

Diverse Media

Colorado has a rich heritage and robust future when it comes to media serving communities of color, from the 50-year-old Spanish language La Voz newspaper to the two-year-old Alamosa Citizen serving the largely Hispanic San Luis Valley. Some, like La Voz and the Southern Ute Drum, are among the 14 responding news outlets that serve primarily communities of color. Others, like the Alamosa Citizen or Sentinel Colorado in Aurora, serve broad communities with large numbers of people of color.

Focusing just on those whose mission is primarily to serve communities of color (see list below), half publish in languages other than English (four combine English and Spanish), with an average of 70% of their reporting being original and about a quarter being republished from other sources. They told us their top areas of coverage are:

  1. Arts & Culture
  2. Health & Medicine
  3. Government
  4. Education (K – 12)
  5. Economic Development

Diverse media who responded to the survey have a combined reach of: 

Print Circulation                               45,762
Online (monthly)                           870,438
Broadcast (Nielsen ratings)     1,000,004
Email lists                                          21,878

Spanish language broadcast radio is largely driving diverse media’s reach numbers, but online news is close behind.

Of the news outlets that responded to the survey, these 14 primarily serve communities of color:

  • Afrik Digest Magazine
  • Asian Avenue Magazine
  • Colorado Chinese News
  • Costilla County Free Press
  • Denver Urban Spectrum
  • Entérate Latino
  • Hablemos Hoy
  • KSJD Community Radio
  • KSPK Radio
  • Latin Life Denver
  • The Montbello Muse
  • Red, White and Brown Media
  • El Sol de Valle
  • Southern Ute Drum

Of the responding outlets, 11 executives of color lead a combined 35 newsrooms:

  • Afrik Digest Magazine
  • Asian Avenue Magazine
  • Colorado Chinese News
  • Colorado Chinese Radio Network
  • 23 news outlets comprising Colorado Community Media
  • Costilla County Free Press
  • Denver Urban Spectrum
  • Entérate Latino
  • Hablemos Hoy
  • Latin Life Denver
  • Red, White and Brown Media
  • Rocky Mountain Chinese Weekly
  • Southern Ute Drum
Diversity in newsrooms

Diversity in newsrooms is widely recognized as critical for many reasons. Top among them: reflecting the communities they serve and their broad spectrum of perspectives. Research shows that diverse newsrooms are more reflective of society, enhance audience trust and even make news organizations more profitable. Diverse teams tend to produce content that resonates more authentically within communities.

Newsrooms that lack diversity can unintentionally perpetuate stereotypes and alienate communities, which can damage both their reputation and reach, but more importantly, can damage their communities. A lack of diversity and inclusion also can drive both employees of color out of newsrooms and diverse audiences away from the content produced.

In terms of business strategy, diversity isn’t just a moral imperative; it’s a competitive one, too. There is evidence that when newsrooms reflect the communities they cover, it can lead to increased engagement from those communities and even help grow audiences that have historically been underrepresented in media consumption. This can be a significant advantage in a media landscape where trust and engagement are paramount.

Colorado’s newsrooms, like so many across the nation, are predominantly white and notoriously opaque, making it difficult to gain accurate measures of diversity. COLab attempted to survey for diversity in 2021 and drew only 30 responses. That small survey showed one of every four full-time, non-management newsroom employees was a person of color. In this 2023 survey, that number was one in every three. But it is impossible to tell if and how diversity actually changed during that time. Two-thirds of non-management workers in Colorado newsrooms are white. That compares with 86% of Colorado’s population as a whole.

Two-thirds of staff at responding outlets are white, 14% are Latino, 8% are Black and 5% are multiracial.

Some newsrooms also have a focus on developing the next generation of journalists to address the diversity challenges they have. This includes offering internships, mentorship programs, and specialized training to encourage a wider range of voices in journalism.

Incorporating community engagement into editorial decision-making is another facet where diversity plays an important role. Rather than relying solely on metrics such as website page views, actively seeking out community feedback and input can lead to more nuanced and inclusive content. This approach can also help avoid tokenism and ensure that efforts toward diversity are substantive rather than performative​. We’ll discuss some outlets’ efforts in the next chapter.

We asked newsrooms about their formal steps toward diversity, equity and inclusion (DEI). Ten (11%) told us they have a public DEI statement, while 16 (18%) have a formal, internal DEI plan and 22 (24%) have stated DEI goals. There is no doubt more work to do in this important arena.

In essence, the call for diversity in newsrooms is not only about equity within the workforce but also about the practical benefits that such diversity brings to journalism and its role in a democratic society.

CHAPTER 3: CONNECTIONS

How newsrooms reach their communities, and their communities reach them

In this chapter, we’ll delve into the dynamic between newsrooms and their communities, exploring the importance of mutual engagement. Colorado news outlets are reaching out through various methods including their digital, print, and broadcast distribution channels and in-person gatherings, with innovations that also allow communities to initiate contact. In-person engagement strategies include community listening sessions, town hall meetings, and media literacy training, though participation numbers suggest room for growth.

Technological shifts, like the declining impact of digital cookies and Search Engine Optimization, alongside the rise of artificial intelligence, all challenge traditional engagement but also highlight the necessity of direct community interaction. Newsrooms are adapting by emphasizing local events and forums that underline the crucial role of reliable local news. This chapter also explores the reach of news outlets, including the impact of digital and print circulation trends and the balance between paid and free access models, which suggest that engagement and content quality are key to sustainability in a rapidly evolving media landscape.

Colorado news outlets are interacting with their communities in person and through their distribution channels. Traditionally, there have been fewer avenues for communities to initiate engagement with news outlets, but that is beginning to change.

Nearly one in five of the responding newsrooms (17) engage in some type of community listening, which we noted in Chapter 2 is vital to diversity efforts and the quality of news coverage. These range from town hall-type gatherings on specific topics to pop-up newsrooms at coffee shops. One in five newsrooms also offer community training events, which often center on media literacy.

Those numbers are low, but if we factor in outlets that participated in the COLab-led Voices Initiative, which convened communities of color from across the state to make recommendations on how media could better serve them, the interaction figures rise. For example, journalists from more than 50 outlets participated in the Amplify Colorado program, a digital space where communities of color and media professionals can connect. Amplify was a direct request from public participants in our four Voices Initiative working groups, who wanted an enduring way to connect with the news media who serve them.

Distribution

The most common way newsrooms reach their communities is through the distribution of their main product – news – whether that be through digital, print or broadcast channels.

Nearly half the responding outlets distribute news on a weekly basis. Another third provide daily news coverage. About one in five distribute news monthly or some other frequency.

The Colorado News Survey measured the reach of their distribution by looking at print circulation, broadcast ratings, email lists and digital users. Not every outlet answered every question about reach, so some estimates were made based on retrievable data, such as media kits.

Of the 47 outlets who shared their print circulation numbers, circulation totaled about 327,500, with an average of just under 7,000 each, a median of 1,700 and a range of 12 to 50,000. Removing the larger statewide news outlets as outliers, the average print circulation is just under 6,000 (5,748) with a median of 1,450.

For the 75 for whom we had reported digital reach, the total was 151.8 million annual users, ranging from a few print-only publications with zero digital reach to more than 80 million digital views annually, with an average of slightly over 2 million and a median of 93,000. Removing the larger statewide news outlets as outliers in digital reach brought the average to about 350,000 online visitors per year, with a median of 82,000 annually.

Fifty-four responding newsrooms have a newsletter, reaching nearly 1.6 million people in total, ranging from 135 to more than 700,000, averaging just under 30,000, with a median of 3,000. Again, removing statewide outlets as outliers, the total reach of media newsletters in Colorado is about 363,000 people, with an average of 6,700, and a median of 2,700.

Median print circulation:1,700
Media newsletter list: 3,000
Media digital reach: 93,000

Newsrooms have been facing strong headwinds in traditional print circulation and they risk the same for digital reach if they cannot innovate fast enough. The phasing out of digital cookies and the diminished relevance of Search Engine Optimization (SEO), combined with the advancement of Artificial Intelligence (AI), presents both challenges and opportunities for news outlets, particularly in how they sustain and engage their communities. These serve to disrupt traditional digital advertising and content discoverability models. And news leaders are telling us they are experiencing that effect. For years, news organizations have relied on these mechanisms for targeted advertising and to ensure their content ranks well on search engines, driving traffic to their websites. The loss of cookies means advertisers cannot easily track user behavior across the web, which can reduce the effectiveness and value of ad placements on news sites. And as SEO practices evolve, simply optimizing content for search engines may not guarantee visibility, especially with the rise of personalized search results powered by AI, making it harder for news outlets to rely on search-driven traffic.

AI is a threat and opportunity to news outlets' connection with communities.

AI technology, such as generative AI and personalized content aggregators, can provide news directly to consumers without them needing to visit the original news websites. This technology can digest, summarize, and even provide nuanced analyses of news stories from various sources, serving the resulting information directly to users through apps or digital assistants. While this can make news consumption more convenient, it also means that news outlets may lose valuable direct interactions with their audience, along with the associated ad revenue from page visits.

In this shifting landscape, engagement with local communities becomes even more critical. As direct pathways to audiences narrow due to technological changes, news outlets must build and maintain strong relationships with their communities to highlight the value of reliable local news. This involves not just being a source of news but also actively and visibly participating in and contributing to the community. Engaging the community can take many forms, such as hosting local events, forums, or town halls (virtually or in-person), providing educational resources, and collaborating with local organizations and businesses.

The focus on community engagement serves multiple purposes: it underscores the role of the news outlet as a vital part of the community fabric, encourages direct support through subscriptions or donations, and fosters a loyal audience that values the outlet’s contribution to their community’s well-being. It shifts the value proposition from mere content delivery to being an indispensable community asset. 

Looking at what kind of media has the greatest reach in Colorado, paid or free, it is split between the two, with the “mostly paid” model having a slight lead over “completely free” for the biggest reach. This is a factor of the news outlets with the largest reach having a mostly paid model.

More than half the reach (circulation and/or digital and broadcast views) of our 93 respondents comes only or mostly through paid access. Some 42% of the total reach is completely free. Only 1% of the reach is paid only.

Paid news subscriptions can create a revenue stream that is more stable and less dependent on advertising, which can be important in a media environment where ad revenues can be volatile. A focus on paid subscriptions also tends to align with a consumer base that is highly interested in news and perceives a higher value in the content for which they are paying. However, international data show even the most motivated segments of society generally pay for only one online subscription at a time. And there’s evidence suggesting that if people had to choose only one online subscription, news would not be the top choice for many, especially younger audiences. Add to that the fact that only 13% of Americans pay for an online news subscription, according to Reuters Institute and the University of Oxford.

Free access, on the other hand, can be especially important for maintaining an informed citizenry across all economic levels. In their news-seeking behavior, many consumers who do not pay for news are similar to those who do, but they tend to find less value in paying for news, believing there is enough quality content available for free, according to the Reuters/Oxford research.

CHAPTER 4: CONCLUSIONS

What's next for Colorado's newsrooms

No one at COLab or among any of our partner organizations thinks of the free press as just another industry. We frequently remind ourselves and others that journalism is the only industry specifically protected in the U.S. Constitution, under the First Amendment. However, we also are painfully aware that the free press is not immune to the economic forces that apply to all businesses.

So our path to mission success – stronger communities through stronger news – points in a direction familiar to any student of economics. We must help our news media partners increase revenue and decrease costs, all while not simply maintaining but ideally improving the quality of the journalism that the public wants and needs, and building relationships that highlight the essential role local news outlets serve.

The entire journalism ecosystem in Colorado is working to that end. We are especially grateful to CMP and CPA for surfacing the model of working groups that other industries have found successful. In this model, great minds gather to explore actions that will help the entire sector. Together, we have gathered working groups or steering committees to help us tackle ways to produce stories that would otherwise go untold, research best practices and new tools to make us more efficient and effective, and find new resources, whether they be financial, educational or otherwise.

Our aim is to improve the news quality, lower costs and increase revenue. Our actions are approaching the complex challenge in roughly that order, though it no doubt feels like an “all of the above at once” proposition to most involved. However, we can trace the evolution of these individually.

We started with collaborative Reporting, which is evolving under the direction of our Editorial Steering Committee. Then we added Reach, with four working groups representing Communities of Color across the state. Then we added Revenue, working closely with CPA and others. Each segment continues to evolve.

REPORTING

Based on feedback from our partners and especially news leaders in Colorado who have become our Editorial Steering Committee, COLab has been seeking to provide editorial support that is useful to more newsrooms than the impactful but intermittent investigative projects we previously initiated. Newsroom leaders identified having a managing editor as a key need. A trusted editor can solicit editorial plans from partners, look for stories to share, identify areas where duplicative work could be minimized, and help coordinate reporting where newsrooms identify collaborative opportunities.

COLab’s managing editor, Tina Griego, has been serving in that role since January 2024. One of the key collaborative projects this year is Voter Voices, which has gathered more than 65 newsrooms, with Colorado Public Radio taking a lead role, in what one national observer called “without precedent” for asking the public what issues they want politicians to address. Thousands of Coloradans are responding.

We will need to be responsive as this new approach develops and newsroom capacities become more clear.

REACH

When COLab asked Coloradans of color what newsrooms could do to better serve them, one answer was: Do a better job of including us in your coverage and helping us connect with you for stories that are important to us. With funding from CMP, COLab launched Amplify Colorado, an online tool that profiles diverse Coloradans who are willing to be sources for journalists and journalists whom communities of color can contact when they have stories to tell.

Both Voter Voices and Amplify Colorado support a 2024 community engagement initiative called “Above the Noise,” which is led by Rocky Mountain Public Media, along with Colorado State University’s Center for Public Deliberation, CMP, CPA and COLab. “Above the Noise” is designed to support local newsrooms as conveners of place-based conversations that bring community members together to identify, shape and amplify local news and civic dialogue that is trustworthy, respectful, inclusive, accessible and representative of local priorities.

REVENUE

Our ecosystem approach to revenue support is multi-pronged. We are convening a Revenue Steering Committee (similar to the Editorial Steering Committee), to identify experiments that have the highest potential return on investment. And we are evolving programs that partners previously requested and that are showing impact. Those new and ongoing programs include:

Revenue Lab – We heard very clearly from the survey that new revenue is vital to Colorado news outlets so they can build their reporting and reach for and with their communities. But the day-to-day tasks required to keep a local news outlet running – and the fear of damaging what is working by trying something new – has left many news leaders both frozen and fried. One news leader described it as being on a “hamster wheel of just trying to survive.”

This phenomenon also is well-documented in the research from Patrick Ferrucci at the University of Colorado Boulder in his new book out this year, Reviving Rural News. Building on the research of Ferrucci et al and the results of the Colorado News Survey, our developing Revenue Lab will help identify the most promising, specific steps news outlets can take, based on research and real-life outcomes, to increase their revenue and decrease their costs, while maintaining or improving service to their communities.

Business Best Practices – Last year, COLab conducted in-depth sustainability audits among a small number of partners and identified their need to implement some business best practices, with the goal of making operations more efficient, strategic and sustainable. It was clear many local media face this challenge. Now all our partners have access to templates for an operations manual, employee handbook and readership survey. These will help address the challenge faced by news leaders who need assistance but can’t take advantage of it (including from COLab and other ecosystem leaders), because their operational tasks are not organized in a way that could be handed off to someone else to help.

Diverse Media Collective – Diverse media in Colorado are building a shared content program and revenue stream supporting news outlets serving underrepresented and marginalized communities. They’re working closely with CPA and COLab, who are supporting the launch of regular ads sales and shared content for DMC partners. We also believe this program can become a model of shared revenue around content for other news media.

DMC allows participants to reduce their individual costs by sharing expenses. For example, they received a grant from CMP to partially cover the expenses of shared ad sales personnel. With support from CPA and COLab, they’re exploring news avenues for generating revenue and sharing their content among their aggregated audiences.

AT A CROSSROADS

This report offers insights into the headwinds that face a free press in Colorado – and beyond – and a look at some of the collaborative actions that are addressing those headwinds. There is much still to learn and much work to be done.

In navigating the future, Colorado’s newsrooms stand at a crossroads of challenge and opportunity. By embracing innovation, fostering inclusivity, and reinforcing bonds with the community, we can chart a course toward a vibrant future for journalism. As we do, news outlets will not only secure their own sustainability but also fortify the pillars of democracy they are intended to uphold.

Together, with the collective effort of the entire ecosystem, Colorado can continue to lead in the rebirth of local news, ensuring well-informed, engaged, and vibrant communities across our state.

COLab is grateful to the Colorado Press Association and Colorado Media Project for their support and to these news outlets for their participation in 2023 Colorado News Survey and service to their communities every day.

Afrik Digest Magazine
Alamosa Citizen
Ark Valley Voice
Arvada Press
Asian Avenue Magazine
Aspen Journalism
Axios Denver
Berthoud Weekly Surveyor
Big Pivots
BizWest
Boulder Jewish News
Boulder Reporting Lab
Boulder Weekly
Brighton Standard Blade
Bucket List Community Cafe
Canyon Courier
Castle Pines News-Press
Castle Rock News-Press
Centennial Citizen
Chalkbeat Colorado
Clear Creek Courant
Colorado Chinese News
Colorado Chinese Radio Network
Colorado Freedom of Information Coalition
Colorado Newsline
Colorado Public Radio
Colorado Springs Independent
The Colorado Sun
The Colorado Switchblade
Colorado Times Recorder
Commerce City Sentinel Express
Costilla County Free Press
The Crestone Eagle
Denver Herald-Dispatch
The Denver North Star
The Denver Post
Denver Urban Spectrum
Denverite
Douglas County News-Press
Edgewater Echo
Elbert County News
Englewood Herald
Entérate Latino
Fort Collins Public Media (FCPM)
Fort Lupton Press
Four Corners Free Press
The Front Page

G.E.S. Gazette
Golden Transcript
H2O Radio
Hablemos Hoy
The Herald Times
Highlands Ranch Herald
Inside the News
Intermountain Jewish News
The Jackson County Star
Jeffco Transcript
KDNK News
KGNU Community Radio
Kiowa County Independent
KRCC-FM
KSJD Community Radio
KSPK Radio
KSUT Four Corners/Tribal Public Radio
KVNF-FM Paonia, Mountain Grown Community Radio
Latin Life Denver
The Leader
Life on Capitol Hill
Littleton Independent
Lone Tree Voice
The Montbello Muse
Mountain West News Bureau
The NoCo Optimist
Northglenn-Thornton Sentinel
Ouray County Plaindealer
Pagosa Daily Post
Pagosa Springs SUN
Parker Chronicle
Pueblo Star Journal
Red, White and Brown Media
Rocky Mountain Chinese Weekly
Rocky Mountain PBS
Rocky Mountain Post
Rocky Mountain Student Media Corporation
Sentinel Colorado
The Silver Lining Magazine
Sky-Hi News
El Sol del Valle
Southern Ute Drum
Summit Daily News
Washington Park Profile
Westminster Window
Yellow Scene Magazine