Buyouts, rebranding, good journalism, and a vision still in progress: The Philadelphia Inquirer has had quite a summer. The metro newspaper business is still tough, even without a hedge fund or private equity pulling the strings.
The Philadelphia Media Network is getting $1 million. Twelve organizations and five entrepreneurs-in-residence will be getting another for projects ranging from local news membership models to experiments in audience engagement.
The institute, which owns the two Philadelphia dailies, also plans to introduce a fellowship program and award grants to help sustain local journalism.
As single-minded, profit-driven management drives down the local news business, where is its moral center — the one that long rested, if sometimes uncomfortably, alongside the demands of running a successful business?
We talked to its new crop of board members: “My experience in the area of philanthropy is that if you are addressing important issues, have good ideas, and can show results, people and organizations are willing to support you.”
Doctor, Ken. "Newsonomics: The hard realities of Philly’s Hail Mary nonprofit reorganization." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 21 Jan. 2016. Web. 5 Oct. 2024.
APA
Doctor, K. (2016, Jan. 21). Newsonomics: The hard realities of Philly’s Hail Mary nonprofit reorganization. Nieman Journalism Lab. Retrieved October 5, 2024, from https://www.niemanlab.org/2016/01/newsonomics-the-hard-realities-of-phillys-hail-mary-nonprofit-reorganization/
Chicago
Doctor, Ken. "Newsonomics: The hard realities of Philly’s Hail Mary nonprofit reorganization." Nieman Journalism Lab. Last modified January 21, 2016. Accessed October 5, 2024. https://www.niemanlab.org/2016/01/newsonomics-the-hard-realities-of-phillys-hail-mary-nonprofit-reorganization/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2016/01/newsonomics-the-hard-realities-of-phillys-hail-mary-nonprofit-reorganization/
| title = Newsonomics: The hard realities of Philly’s Hail Mary nonprofit reorganization
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 21 January 2016
| accessdate = 5 October 2024
| ref = {{harvid|Doctor|2016}}
}}