You’ve probably heard that newspapers are dying. Well, as it happens with many blanket statements, that’s not true. But it’s something we’ve heard a lot since we invested in local journalism.

Yes, large, hedgefund owned newspapers that value profits over quality journalism have been gutted. Some are on life support, leaving readers to wonder why they even continue to subscribe.

But that’s not the case with small, independently owned, community-focused newspapers that ...