Nonprofits investing $500M to help struggling local newsrooms ...Middle East

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Nonprofits investing $500M to help struggling local newsrooms
source : The Hill ( Middle East ) () 26
More than 20 nonprofit organizations pledged Thursday to invest more than $500 million to help struggling newsrooms, as many local outlets have been forced to close their doors in recent years. The MacArthur Foundation is championing the new initiative, Press Forward, which is aiming to support local news over the next five years with the help of 22 nonprofit partners. “We have a moment to support the reimagination, revitalization, and rapid development of local news. We are prepared to support the strongest ideas and seed new ones; build powerful networks; and invest in people, organizations, and networks with substantial resources,” said John Palfrey, president of the MacArthur Fo

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