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The Media Consortium is a collaborative network of liberal news organizations whose work includes digital innovation, advertising and media business studies.
The consortium was founded in 2005 and formally launched in 2006 by about two dozen news organizations, and it currently has 46 members, including Mother Jones, The Nation and Salon. The consortium three staff members and an annual budget of less than $500,000.
The consortium developed an Incubation and Innovation Lab in 2009 on the heels of a study on the future of journalism to help develop digital media products and strategies. The lab focuses on developing new revenue streams, mobile media and community engagement.
Bloomberg is a financial news and data company founded in 1981 and primarily owned by billionaire and New York City mayor Michael Bloomberg. The vast majority of Bloomberg’s $8.3 billion in 2013 revenue — 82 percent, as of 2012 — are tied to its $20,000-per-year financial data terminals used by 318,000 subscribers as of 2014, but the company’s…