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Newsom signs law to help local newsrooms retain journalists

A huge sign reading "Los Angeles Times" sits on top of a building against a gray sky.
Local newsrooms across California may benefit from a new tax credit for journalists
(
Patrick T. Fallon
/
AFP via Getty Images
)

One year ago, Congress defunded public media. Now that we're 100% community funded, please become a sustaining member or increase your existing membership today.

Topline:

Governor Gavin Newsom signed a bill Wednesday that aims to throw a lifeline to struggling California newsrooms.

What it does: The bill creates "job retention credits" to incentivize newsrooms — including ours — to hire and retain local journalists. Credits start at $20,000 a year for the first five positions, with additional money for other positions and new hires.

Why it matters: Local newsrooms have struggled to keep journalists employed over the last two decades as media companies consolidate, and media consumption habits and advertising models have changed. In his signing message, Newsom said that in the past 20 years, 12,000 newsroom jobs have been eliminated in California.

What's next: The credits will be available to newsrooms starting in 2027.

One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.

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