Spokane's Spokesman-Review newspaper pivots to a nonprofit model

Spokane's Spokesman-Review newspaper pivots to a nonprofit model

Discussing the future of newspaper operations, Stacey Cowles doesn’t sugarcoat reality. “A newspaper doesn’t offer much financial return to investors,” said Cowles, the publisher of Spokane’s daily paper The Spokesman-Review. Cowles and his family have owned the paper for more than a century and didn’t want it to go the way of so many others: to a hedge fund or corporate entity more invested in the organization’s assets than its journalism. Inst…