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Articles tagged Jim Friedlich (13)

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.
“It’s not just an initiative — it’s an opportunity for others to join to address these challenges for local news, around the country and in Philadelphia.”
“The amount of effort we’d have to invest into doing these things is completely outweighed by effort it would take for us to just do it with Arc.”
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.
Built around a “venture philanthropy” model, the new programs will offer both significant funding and the test kitchen of its Philadelphia daily newspapers.
The institute, which owns the two Philadelphia dailies, also plans to introduce a fellowship program and award grants to help sustain local journalism.
After combining with Denverite, the company behind Billy Penn and The Incline hopes to prove its events-heavy model can work in a dozen or more cities.
“You have an event that goes really well. You send 175 ambassadors out of your event thinking it was awesome, saying ‘I love Billy Penn’s events.’ And on top of that, you make money doing it.”
“We have so valued the fact that we are still standing. ‘Look we’re still standing!’ But standing is not enough…you gotta run.”