Nieman Foundation at Harvard
HOME
          
LATEST STORY
Condé Nast is “no longer a magazine company,” its CEO says
ABOUT                    SUBSCRIBE
Sept. 1, 2017, 11:22 a.m.
LINK: www.nytco.com  ➚   |   Posted by: Shan Wang   |   September 1, 2017

The New York Times will now also be competing for philanthropic funding for journalism.

On the heels of the Guardian’s Monday announcement that it would be setting up a U.S.-based philanthropic arm to raise money from individuals and organizations, the Times announced on Friday that Times veteran Janet Elder will helm a new division focused on securing nonprofit funding sources for its journalism, as well as potential local partners.

From the Times’s press release on the direction of new initiative:

Some easy possibilities come to mind. The New York Times Student Journalism Institute, for example, has nurtured a generation of minority journalists who have enriched our newsroom. Perhaps with additional support the program can help develop talent for the industry as a whole. We also believe that The Times can help with the growing crisis in local news coverage by partnering with other institutions around the country. But mainly, we think there are journalism projects we are eager to pursue that could be more ambitious and have greater impact with outside support.

As was the case when the Guardian formally announced theguardian.org, some questions immediately arose about the increased competition for nonprofit funding of journalism:

Show tags Show comments / Leave a comment
 
Join the 60,000 who get the freshest future-of-journalism news in our daily email.
Condé Nast is “no longer a magazine company,” its CEO says
“If you’re just an advertising-supported print publication, I think you have a difficult future,” said Condé Nast CEO Roger Lynch.
How many bots are on Twitter? The question is tough to answer — and misses the point
“We have observed a broad spectrum of behaviors mixing the characteristics of bots and people.”
Reader comments on news sites: We want to hear what your publication does
What is your news site doing with reader comments these days?