New Knight study identifies 3 surprising keys to nonprofit news business success
The Knight Foundation has a new study out this morning examining the business models for seven locally-based nonprofit news sites in their drive to achieve sustainability.
Focusing on high-profile ventures such as Texas Tribune and Voice of San Diego, the report, “Getting Local,” concludes that none of the sites are all the way to sustainability yet. But they are well along and developing best practices that other geographically-based ventures can learn from.
The report identifies three “next-stage” opportunities, each with a flavor of paradox:
About the John S. and James L. Knight Foundation
Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged. For more, visit www.knightfoundation.org.