The business model of the local news industry is broken. As the number of newspaper journalists continues to decrease, newspaper owners must be creative, disciplined and agile in seeking new revenue streams and ensuring that the quality of the stories they create are not affected by lack of resources. In this episode, Jonathan chats with Penelope Muse Abernathy, Knight Chair in Journalism and Digital Media Economics at the University of North Carolina, to discuss the declining sense of community in the news industry and other challenges that journalists and newspaper owners face today.