New Deal: Colorado-national consortium buys community papers
By JAMES ANDERSONMay 4, 2021 GMT
DENVER (AP) The Colorado Sun, a Denver-based online news operation created three years ago by journalists who left The Denver Post, has partnered with a national nonprofit to buy 24 community newspapers in a unique venture that seeks to preserve local journalism.
The arrangement adds to a growing number of newspapers receiving boosts from nonprofits that are devoted to protecting journalism in the United States where private equity or hedge funds buy up and consolidate financially struggling legacy newspapers.
The Sun and the National Trust for Local News announced the private purchase Monday of the family-owned Colorado Community Media, which operates the papers some of which are more than a century old and the websites and two shoppers. Colorado Community Media, with 330,000 readers, will be supported by the new Colorado News Conservancy, a public benefit corporation created by
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
24 Community Newspapers in Colorado Acquired by Local and National Funding Consortium
National Trust for Local NewsMay 3, 2021 GMT
Denver, CO, May 03, 2021 (GLOBE NEWSWIRE) A first-of-its-kind local and national partnership has facilitated the purchase of a network of 24 weekly or monthly newspapers in Colorado, preserving local mission-focused community ownership.
This new collaboration creates a viable and replicable alternative to national consolidation of local news outlets by private equity or hedge funds. The transaction points a new way forward for communities in danger of losing control of local news enterprises that are in many cases the only independent news sources providing critical coverage of community issues.
New Deal: Colorado-national consortium buys community papers seattlepi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seattlepi.com Daily Mail and Mail on Sunday newspapers.
Berkeleyside is growing its newsroom!
We are looking for a senior reporter who will dig deep into what is happening at City Hall, help Berkeley residents better understand the way local government works and impacts their lives, and will let them know how they can get more civically engaged.
The reporter will pull back the curtain on how local levers of power elected officials, city departments, community organizers, voters, watchdog agencies and much more shape what happens in Berkeley.
This is a high-impact, high-profile beat. We are looking for a seasoned, hard-hitting journalist with four+ years of experience who loves to dig deep, appreciates the city of Berkeley’s dedication to public input, and will relish being first to report on both the city’s innovations and missteps.
Editor s Note: The Moral Economy is a new series that tackles key economic topics through the prism of Catholic social teaching and its care for the dignity of every person. This is the fourth article in the series.
The United States, a nation built on newspapers, has journalism in its future.
Thousands of digital startups. Billionaires backing nonprofit news. The emergence of working subscriber models, from Substack newsletters to America Media.
Two dark clouds hover over this promising terrain. One consists of Facebook, Google and Apple, tech companies worth trillions of dollars that dominate access to the internet and dwarf the biggest news companies. Instead of a handful of newspapers and magazines, we can now read over a billion websites, fracturing our attention, enabling conspiracy theories and fueling media illiteracy.