We’ll finally see new forms of financing for local news

We’ll finally see new forms of financing for local news

For the past 25 years, there have been two primary ways to finance the growth of local news growth: private equity and foundation grant-making. The first, of course, has fed the consolidation of newspaper chains that actually worsened the decline of local reporting. Thanks for nothing. Increased philanthropy has been tremendously important, but at this point there are not enough philanthropic dollars by themselves to get where we need to be. Wha…