HEADLINE BLUES
The closure of BuzzFeed News last month marked the end of one of the most high-profile experiments in ad-supported digital newsgathering. But Jonah Peretti’s newsroom is just the most recent casualty. In the last year, BDG has shuttered Gawker and Input, while Axel Springer has issued cuts or closures at Insider, Morning Brew and Protocol. Monetizing newsrooms through advertising runs counter to decades of accrued wisdom: Both on television and in print, news has always been a loss leader, subsidized by other sectors but prized for its ability to attract attention and add reputational sheen, said Jon Miller of Integrated Media Co. If digital publishers once believed the Wild West of the open web would unlock new capabilities for financing the news, the opposite now appears increasingly true. Instead, the same bogeymen that have…