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Pengjie Gao

A local newspaper headline announces bankruptcy in Stockton, California June 27, 2012. Stockton will become the largest U.S. city to seek protection from its creditors after its leaders approved a budget based on the city filing for bankruptcy. A Chapter 9 bankruptcy by the city of nearly 300,000 in California's Central Valley, about 85 miles (137 km) east of San Francisco, could come as early as Wednesday. REUTERS/Kevin Bartram (UNITED STATES - Tags: BUSINESS MEDIA) - GM1E86S0GVW01

Financing dies in darkness? The impact of newspaper closures on public finance

Pengjie Gao, Chang Joo Lee, and Dermot Murphy

Monday, September 24, 2018

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