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Press Forward completes nearly $600M in journalism investments about 2 years early
The nonprofit will keep raising money and expanding grants, loans and policy work as local newsrooms face mounting economic pressure.
- Press Forward announced Tuesday it has completed investing nearly $600 million in journalism organizations, reaching its funding goal about two years ahead of schedule.
- According to 'The State of Local News 2026' from Northwestern University, the number of news deserts grew by 12% this year to 238, as advertising and audiences continued to decline.
- Already, 50 local chapters have invested $87 million to strengthen journalism in their communities, including $53 million deployed in the past year.
- Tracy Baim, executive director of Press Forward Chicago, said pooled funds mitigate donor risk; nearly $1 million from 12 donors supported 12 diverse organizations.
- Press Forward Executive Director Dale Anglin said there is 'no silver bullet' to solve journalism's economic problems, but the nonprofit now plans policy changes and resource-sharing.
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28 Articles
Press Forward completes nearly $600M in journalism investments about 2
Press Forward, the nonprofit launched in 2023 to strengthen local news as outlets struggle with economic and technological changes, announced Tuesday that it has completed investing nearly $600 million in journalism organizations, about two years ahead of
·Baltimore, United States
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Coverage Details
Total News Sources28
Leaning Left14Leaning Right2Center12Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 43%
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