“In my experience in legacy media, the answer was to throw your hands in the air and say, ‘There’s not much we can do.’ Well, I don’t find that acceptable. We have to find ways to reach those audiences.”
Lookout doesn’t want its local news sites to be a supplement or alternative to the local daily. They aim to be the news source of record in their communities, outgunning their shrunken newsprint rivals from Day 1.
“The grants will fund an organization’s first dedicated revenue positions, or grow an existing revenue team. Most will fund at least two new full-time positions for 24 months dedicated to revenue and fundraising.”
Among the grantees: The American Journalism Project gets $20 million, Reporters Committee for Freedom of the Press gets $10 million, and The News Literacy Project gets $5 million. And there’s more, lots more.
The American Journalism Project, led by two top nonprofit news veterans, aims to propel $1 billion in annual investments to mission-driven local news outlets.
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Schmidt, Christine. "Venture philanthropy for local news might not be as scary as it sounds." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 10 Oct. 2018. Web. 29 Mar. 2023.
APA
Schmidt, C. (2018, Oct. 10). Venture philanthropy for local news might not be as scary as it sounds. Nieman Journalism Lab. Retrieved March 29, 2023, from https://www.niemanlab.org/2018/10/venture-philanthropy-for-local-news-might-not-be-as-scary-as-it-sounds/
Chicago
Schmidt, Christine. "Venture philanthropy for local news might not be as scary as it sounds." Nieman Journalism Lab. Last modified October 10, 2018. Accessed March 29, 2023. https://www.niemanlab.org/2018/10/venture-philanthropy-for-local-news-might-not-be-as-scary-as-it-sounds/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2018/10/venture-philanthropy-for-local-news-might-not-be-as-scary-as-it-sounds/
| title = Venture philanthropy for local news might not be as scary as it sounds
| last = Schmidt
| first = Christine
| work = [[Nieman Journalism Lab]]
| date = 10 October 2018
| accessdate = 29 March 2023
| ref = {{harvid|Schmidt|2018}}
}}
