Nonprofit news needs more philanthropic support as journalism suffers from systemic market failure
By Victor Pickard, Associate Professor, University of Pennsylvania A foundation created by eBay founder Pierre Omidyar and his wife Pam gave $100 million to investigative news outlets and other initiatives in 2017, a rare boon for media institutions under duress. Even a fraction of this gift could help bolster impoverished American journalism. Yet, while foundation-backed nonprofit outlets have clear advantages over their commercial counterparts, they may never compensate for the market failure that’s afflicting journalism. As I present in my book America’s Battle for Media Democracy, commercial journalism’s deeply systemic problems call for structural alternatives, especially public models that...
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