In a time where local newspapers are struggling to stay afloat, one entrepreneur is taking a bold step to revive them and provide quality news coverage to underserved communities. Jeremy Gulban, a tech executive from New Jersey, is the mastermind behind CherryRoad Media, a company that acquires and operates local news outlets.
With the decline of local newspapers across the U.S., Gulban saw an opportunity to fill the gap and ensure that communities have access to reliable news sources. He started acquiring newspapers four years ago and now oversees 85 papers in 18 states, many of which are located in news deserts.
The U.S. has been losing about 2.5 local newspapers per week, leaving many counties without a dedicated news source. Gulban’s mission is not only to provide quality coverage but also to make the business model profitable again. While CherryRoad Media is not yet turning a profit, Gulban is optimistic about its future success.
One of the unique aspects of Gulban’s approach is the development of “newspaper as a service” software, offering cloud-based storage and circulation systems for other local communities. This innovative approach could potentially simplify news delivery and attract more readers.
While it’s too early to predict the outcome of Gulban’s venture, his dedication to serving communities with reliable news sources is commendable. By combining traditional journalism with modern technology, CherryRoad Media may pave the way for a new era of local news coverage in the U.S.