A growing turn to philanthropy

“In 2018, more nonprofit newsrooms will be launched than North Korean test missiles.”

In 2018, more nonprofit newsrooms will be launched than North Korean test missiles. As Facebook and Google suck up the ad revenues and all but a handful of media companies find digital subscriptions a hard sell, more and more will turn to philanthropy — foundations and the people I’ve learned to refer to as High Net Worth Individuals. (Even The New York Times is building a nonprofit arm in pursuit of foundation money.) One interesting thing to watch is whether new wealth (meaning especially tech wealth) will overcome its wariness of independent news media.

Bill Keller is editor-in-chief of The Marshall Project and former executive editor of The New York Times.

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