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The Chronicle was launched in 2008 by the husband-and-wife team of Dave Askins and Mary Morgan and focused primarily on longer-form local government reporting. It was funded primarily through advertising, though the for-profit site also took donations, which it called “subscriptions” and which accounted for 22 percent of its revenue in 2011 and 38% at the time of its closing. It held events for subscribers as well. In 2012, the founders said it brought in $100,000 annually — where its revenue plateaued — and was growing at 16 percent per year. The site closed in 2014 because Askins and Morgan believed they could no longer put in the labor to keep the site running.
The John S. and James L. Knight Foundation is a national foundation that funds a variety of causes, including journalism projects and organizations. The foundation was founded in 1950 by the Knight brothers, who owned the Ohio-based Knight Newspapers, which later became Knight Ridder. Since 1950, the foundation has invested nearly $400 million in journalism…