The news industry has faced numerous revolutions, from the printing press to the internet, which disrupted the local news business model as readers opted for free online news, causing print circulation and ad revenue to plummet. By 2024, the US is predicted to lose a third of its newspapers and almost two-thirds of its journalists, posing a threat to democracy and creating news deserts where misinformation spreads. To combat this, philanthropists and others are investing in local news. The latest revolution, generative AI, brings both opportunities and risks, including improved efficiency and the potential to replace journalists, and the industry must harness it wisely to create a sustainable future.