TJ Larkin

The local media business

Why are legacy local news organizations slow to adopt newsletters and Meta ads?

Short answer

Unfamiliarity, a moral objection to paying for readers, and no incentive to change while the money still comes in. Most legacy outlets send a list of links or none at all and pay $2+ per subscriber. The fastest fix is software that turns the content they already publish into a real newsletter in minutes a day.

I get a steady stream of inquiries from legacy local media. High-quality newsletters, Meta ads and creator-led brands are very foreign to most of them. They're starting to figure it out, though, and some of the companies asking are huge.

It's hard for people like us to understand how far behind companies with nine figures in revenue are. They don't understand newsletters and they don't understand Meta ads. The Hustle and Morning Brew proved the model about eight years ago, and most of these media players are more than eight years behind.

Why are they hesitant?

Unfamiliarity is the obvious reason. The less obvious one is moral.

"They almost feel like it's morally wrong. They're journalists, they're providing good info, they don't need to pay to get readers."

On Meta specifically there are two more problems. A lot of them dislike Meta because they feel it hurt their business. And they don't understand the funnel: run ads correctly to a newsletter signup and that person subscribes, and now you have them forever. Almost every account I get inside only runs ads to "go read our article."

Industry outlets like Nieman Lab have started covering the shift, and the trade brands these publishers read are telling them to get over their hang-ups and just do it. I think the gap between legacy media and newsletter operators will close somewhat, especially on Meta, where they'd compete directly with us in the same markets. Shane, who co-hosted an episode with me, said he'd talked with some nine-figure players who are aware of the model but don't fully understand it.

Why don't they just change?

Incentives. It's the innovator's dilemma. Picture an owner who's 85 and checked out, and staff making their salary to do his thing. Adapting means more work and a fight with the boss, so nobody does it. Working with legacy clients on Meta ads has been eye-opening for how slow they move. They don't get paid more for going faster, so why would they?

I came from insurance, another very legacy industry, so I understand the mindset. If the publisher is taking home a few hundred thousand a year without working that hard and you tell him to change his model, he points at his lake house. It's Blockbuster all over again: making billions, so screw you.

Staff can also feel threatened. A large local media company's team once told me they already got subscribers for 40 cents. My answer: if that were true, your owner wouldn't have put me on this call. I bet they were getting clicks for 40 cents.

What's actually wrong with their newsletters?

Most either don't send one, which is shockingly common, or send a list of WordPress links to their articles. The newsletter has no value on its own. In my own market research, the two biggest competitors in a town were both emailing a link to a digital copy of the paper you have to click and zoom into. These are companies I'd guess make mid-six to seven figures, and a solopreneur's email is significantly better.

Many publishers are still stuck in 2015, sending the newsletter to push traffic to the website. The newsletter is the value. The link to the website is a bonus. That's the Morning Brew lesson, and it's still rare in local media.

Their signup flow is broken too. A newsletter-industry podcast host described it well and I agree: ugly, old-school ads that go to the homepage or a signup page asking for first name, last name and which newsletter you want, then a double opt-in. The conversion is embarrassing.

How far behind are they on Meta ads?

What I seeLegacy outletsWhat I get
Cost per subscriberLucky to get under $220 to 40 cents
Video adsOften none at allJust make a video
Where ads send peopleArticlesA newsletter signup

Four months into running Meta ads myself, I could already have helped them. I'm helping five legacy local media organizations run my Meta ad strategy through a partner, and one client's survey, built in a plain Google Form, is getting a 65% completion rate, which stunned the partner's team. A multimillion-dollar media client told me I was three to ten times-ing their numbers. It's not 50% better or 2x better. It's 5 to 10x.

The easiest win is just to make a video. I found a winning format and now duplicate it for clients in about 30 locations. It's all the same.

A newsroom coach told me he got a journalism funder to commit $50,000 to a Meta ads experiment across about a dozen newsrooms. He ended up writing the ads himself because the newsrooms wouldn't send him raw material. He says quiz-style personality formats are performing well on Meta right now.

What do legacy outlets still have that new newsletters don't?

Salespeople and relationships. They've been around 30 or 50 years, local businesses trust them, and a one-year-old brand can't match that. It has nothing to do with quality. Their newsletters carry ads even when they're bad, because they cross-sell: be in our paper, pay a little extra, be in the newsletter.

They also already write content and already have journalists. At one Texas newspaper conference I expected around 75 legacy brands from Texas alone, nearly all with newsletters that suck. The software vendors there were old too, many with WordPress-era products, charging $200 to $1,000 a month and claiming hundreds of clients. That fragmentation is good news for anyone building something better.

Some legacy publishers already get it. One I interviewed understands the digital side better than most, even though about 70% of his revenue is still print. Another veteran publisher told me fancier newsletters didn't change his numbers, which makes sense when your readers are used to the old format. He admitted that if he were starting from zero, he'd do exactly what the new indie newsletters do.

What's the fastest way for an established outlet to launch a good newsletter?

Use what you already publish. Feed in your reporters' own articles, pick a saved template, and drop in the top stories. One person could run every newsletter the company owns. We built lightbreak for exactly this: it solves quality control, effort and visual appeal in one go. My pitch is that we can take a legacy outlet from nothing or terrible to the top 5% in an hour.

When I show legacy publishers they can send six newsletters a week, fill them with ads from partners they already have, and make thousands of dollars in about ten minutes a day, they react immediately. A newsletter that was a cost becomes something good enough to show advertisers.

Not all of them want AI writing their content. But nearly all of them would take automation for things like Instagram carousels, advertiser outreach and tracking sales. They're just now, in 2026, realizing they can't avoid AI.

Who is the better customer: legacy media or solo operators?

Legacy media, for tools and consulting. Individual newsletter entrepreneurs usually lack budget and, like me, are perfectionists about design. With bigger media companies, I run their Meta ads, they use my form software, and they write their own newsletters because they have 10 or 20 employees. The established outlets doing high six figures to mid seven figures poorly will be afraid of losing their businesses, and that's a long-term opportunity.

It's also easier math. Helping a business already making $100,000 a month fix its newsletter for about 10% of revenue is easier than growing a new newsletter from zero to $10,000 a month.

AI changes in the inbox won't hit them first. Traditional operators who haven't even started newsletters will be the last to feel changes like Google's AI inbox. Local media also has moral capital: people with money fund it because they believe in it, independent of ROI.

Answered by TJ Larkin. From Local Media HQ podcast conversations, newsroom consulting, client and partner calls, 2025-2026. Last updated .

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