Nonprofits have been touted as a possible alternative to the collapsing business models of for-profit news. But a study released this week by the the Pew Research Center points to the fragility of that model and also to the need for a more concerted effort to shore it up.
The study identified 172 nonprofit news outlets throughout the U.S. – two-thirds of these were launched only since the 2008 financial crisis. While the recession has accelerated the closure of newspapers and the downsizing of news staffs throughout the country, it has given rise to a boom in nonprofit news. Today 41 states have at least one nonprofit news organization.
Nonprofits have attracted a lot of attention partly because of the innovative and high-impact reporting some of them have done. Pro Publica celebrated its fifth birthday this month, with two Pulitzers under its belt and an impressive track record of trailblazing investigative journalism. The Center for Public Integrity and the International Consortium of Investigative Journalists, meanwhile, have been making waves worldwide with the release of a series of stories on offshore secrecy. And last month, the little-known Inside Climate News, a Brooklyn startup with an eight-person staff, was awarded the Pulitzer for its investigation of an oil spill.
So can bad (financial) times be good times for news? Read the rest of this entry »