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Rural areas are rapidly becoming news deserts

A new study released Monday by the University of North Carolina’s School of Media and Journalism details the stark decline of newspapers in the U.S. and particularly in rural areas, where citizens are less educated, poorer and older.

Data: UNC School of Media and Journalism; Note: Investment firms include New Media/GateHouse, Digital First Media, CNHI, Civitas, tronc/Tribune, BH Media, 10/13 Communications; Chart: Andrew Witherspoon/Axios

Why it matters: Because of the isolated nature of communities in which many papers have dissolved, "there is little to fill the void when the paper closes."

The companies who have backed away from Saudi business over Khashoggi

Mohammed Bin Salman
Saudi Crown Prince Mohammed bin Salman. Photo: Pablo Blazquez Dominguez/Getty Images

A number of companies and individuals are backing away from doing business with Saudi Arabia until more answers are provided on the disappearance of journalist Jamal Khashoggi, who unnamed Turkish officials believe was murdered inside the Saudi consulate in Istanbul. There is speculation that Khashoggi's disappearance is connected to Crown Prince Mohammed bin Salman (MBS).

The big picture: Many of the world's largest prospective financial deals involve Saudi Arabia and are predicated on trust in MBS as a reformer.