Donors pledge half a billion dollars to boost the struggling local news industry

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The MacArthur Foundation is leading a group of donors who have pledge $500 million to help the struggling local news industry.

Philanthropies that recognize the need to strengthen democracy are beginning to see that progress on many different issues depends on the public’s understanding of facts, said John Palfrey, MacArthur Foundation president.in the United States dropped from

While there are many experimental efforts to fill the news void, there’s still no clear path to making news a thriving business again. While philanthropic funding has helped, experts say it’s important that new outlets can survive after grant money runs out. One model in independent journalism, the Texas Tribune, recently had theSome of the new funding efforts are designed specifically for that goal. They will support efforts, for example, to provide legal services, publishing tools and ways to enhance revenue that can be shared by several different outlets so there’s less duplication in spending for startups.

 

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