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The MacArthur Foundation is leading a group of donors who have pledged $500 million to help the struggling local news industry. They hope to provide seed money for news outlets
The national initiative has a fund of more than $500 million.
Many major philanthropic groups have increasingly focused their attention in recent years on helping struggling local newsrooms. Now they are joining
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On their own, small local nonprofits are often overlooked by funders. Together, Alliance of Nonprofit News Outlets members hope to get investments from large foundations.