The Economic Ledger of Public-Interest Journalism

Journalism Reporting Capacity & Cost Simulator

“I fear we are careening toward a future with fewer and fewer journalists to do the expensive, difficult work of original reporting.” — A.G. Sulzberger, Publisher, The New York Times (175th Anniversary)
Model Presets:

Beat & Desk Allocation

Staffing, Compensation & Field Travel
1.35x
Includes legal vetting, photo/copy editing, security, and fact-checking.
32
Deeper investigative journalism yields fewer, higher-leverage pieces.

The Aggregator vs. Reporting Divide

Economic reality behind information decay

Aggregation, summarization, and AI feeds rely on the capital-intensive primary work of shoe-leather journalists attending court hearings, cultivating confidential sources, and visiting conflict zones.

Model Field Reporters Direct Cost / Story Verification Level
Current Newsroom 100 $5,389 Primary field verification
Aggregation Operation 0 - 2 $15 - $45 Secondary re-write / synthesis
AI Automated Summary 0 < $0.05 Derived crawl (Zero primary source)

Reporting Ledger Metrics

Real-time calculations
Operating Budget $17,246,250 Annual total including verified overhead
Cost Per Original Story $5,389.45 Fully loaded cost per vetted piece
Total Editorial Staff 100 Across all investigative beats
Original Output 3,200 Independent verified articles/year
Total Base Payroll $9,850,000 Direct newsroom compensation
Field & Travel Budget $2,925,000 On-the-ground reporting expenses

Annual Expenditure Distribution

By beat & institutional support
Download audited newsroom financial model
Publisher’s Note: The cost of investigative original reporting is non-fungible. While digital distribution costs trend toward zero, the hard labor of uncovering truths, cross-examining records, and sustaining bureaus requires durable, recurrent capital.
Reporters: 100
Payroll: $9,850,000
Travel: $2,925,000
Operating: $17,246,250
Per Story: $5,389.45
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