'The China Project' media company shuts due to funding problem

reuters.com

> "We made big plans and pursued them boldly with the full backing of our investors. But in the past six months, investor interest has dropped off precipitously due to economic and geopolitical headwinds. We became unable to sustain what we had grown into."

Something odd seems to be going on with media investment. Economies are doing well, especially in the US. And what geopolitical headwinds would stop investment in English news from China?

It's the same story with local news outlets closing down.

The news that the average person is interested in reading is a small fraction of the total and well-covered by media with global reach. A niche outlet that cannot compete for the general interest audience ends up with too few readers to be economically viable.

For a demonstration, consider the factors that led you to submit a Reuters article instead of the original shutdown announcement.

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