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Three days after voting to cease publication and lay off its journalists, the nonprofit publisher of the Texas Observer said on Wednesday that it would change course and keep the
The crusading liberal magazine had planned to lay off its staff after its nonprofit board voted to shut down. But it reversed course on Wednesday.
After the magazine staff exceeded a $200,000 goal to save the publication, the Texas Democracy Foundation decided to save the Texas Observer in new board vote.
The crusading liberal magazine had planned to lay off its staff and shut down. But the board has now reversed course.
The Observer still faces significant obstacles to its survival. Board members have acknowledged that they allowed the budget, which reached $2.1 million last year, to grow beyond what was sustainable.