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The Fiscal Times is a New York-based online news organization that covers financial news and economic issues.
The Fiscal Times was founded and initially funded in late 2009 by Pete Peterson, an investment banker and former U.S. commerce secretary. The Times planned to launch as a nonprofit but registered as a for-profit organization in order to be able to write more opinionated pieces about candidates and bills.
The Times has two staff editors and dozens of contributing reporters and bloggers.
The Times launched with a content-sharing agreement with The Washington Post, which ran its first article by the group in December 2009. That article, on a proposed bipartisan debt commission, was criticized for Peterson’s outspoken opposition to national debt, and for containing a quote by the director of an organization that receives funding from Peterson’s foundation. Critics admonished both organizations for a lack of transparency, but the partnership remains intact.
Patch is a network of local news sites with a combination of staff-produced and community-contributed material. It is owned by Hale Global, with former owner AOL retaining a small stake. The company, which focuses exclusively on local news, began with a handful of sites in New Jersey and Connecticut and now is in about 900 communities….