Local newspapers get $500 million donation from MacArthur Foundation
The $500 million in pledges pale in comparison to the $1 billion investment goal publicly announced last month.
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The $500 million in pledges pale in comparison to the $1 billion investment goal publicly announced last month.
The MacArthur Foundation is leading a group of donors who have pledged $500 million to help the struggling local news industry
The new coalition of donors, led by the MacArthur Foundation, says one out of every five Americans lives in a "news desert" with little to no reliable local news.
The MacArthur Foundation's Press Forward campaign will provide an infusion of badly needed cash for local news. But that cash will likely flow to the prepared.
The future of newspapers in Canada is in jeopardy if the government doesn’t quickly pass Bill C-18, publishing executives told Senate hearings into the Online News Act this week. A second panel made up of digital entrepreneurs, however, said that online news media will be in jeopardy if Google and Facebook stop their free link distribution service, rather than pay to provide it under the bill.