Nieman Foundation at Harvard
HOME
          
LATEST STORY
Newsonomics: Nikkei’s Tsuneo Kita: “Without the FT, it wouldn’t have been possible for us to transform ourselves as we have”
ABOUT                    SUBSCRIBE
Sept. 26, 2013, 1:16 p.m.

Two big names in journalism — Knight (Foundation) and Pew (Research Center) — recently had a get-together in D.C. to talk about the “sustainability, impact, and scaling questions” that nonprofit news orgs are facing. Elise Hu has a writeup at Knight. A few highlights:

“We charged into this space with our hearts” and not our heads for all of the right reasons, said Michael Maness, Knight’s vice president for journalism and media innovation. But that approach has created “a cascade of issues,” he said, which has highlighted the need to think more like developers and less like publishers…

“The thing that is most striking to me is how different the entrepreneurial impulses of the [nonprofit newsroom] leadership is,” said the Wyncote Foundation’s Feather Houstoun. “If you talk only about what proportion is spent here versus there … you’re missing that the leaders might just not have the entrepreneurial bone in their body. And that’s a big part of why we’re having this conversation. In the DNA of the organization, they’re never going to make it”…

Not only have the sustainable news nonprofits reduced their dependence on institutional foundation money, they have also devoted a good chunk of their spending to priorities beyond editorial expenses…

The development of business-thinking muscles and strength had led to a boon in earned revenue for places like the Texas Tribune, which breaks down its spending approximately in thirds, on editorial, business development and technology. But organizations that don’t have the kind of heft to get there are partnering up; for example, a merger between the nonprofit St. Louis Beacon and existing St. Louis Public Radio holds promise for both sides.

Show tags Show comments / Leave a comment
 
Join the 50,000 who get the freshest future-of-journalism news in our daily email.
Newsonomics: Nikkei’s Tsuneo Kita: “Without the FT, it wouldn’t have been possible for us to transform ourselves as we have”
“On-the-ground collaboration, on-the-ground communication, on-the-ground exchange are all getting to be more like business as usual.”
It is still incredibly easy to share (and see) known fake news about politics on Facebook
Plus: “Like the experts predicted back in 2016, we did end up heading down the dystopian path.”
Newsonomics: How the Financial Times is building mini-brands within the global FT
“The point is they have personality. They have character. They’re engaging, and they have really inside stuff. So, they’re more than newsletters. They are mini-brands that have events and forums around them — but the newsletter is almost the spearhead.”