EP19: Building $100M War Chest For Local News

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Greetings from the Media Jungle! Welcome to new subscribers from NBCUniversal, Columbia Journalism Report, Twitter, Kinzen, VICE Media, and more.

This week he have:

• Sarabeth Berman (@SarabethBerman): CEO of the American Journalism Project (@JournalismProj), the first venture philanthropy dedicated to local news. She was the Global Head of Public Affairs at Teach For All, a network of social enterprises in over 50 countries, and currently serves on the boards of Capital B and the Mark Morris Dance Group.

In today’s episode, we cover:

• The goals of the American Journalism Project

• Why news doesn’t make money

• The best non-profit journalism business models

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Watch the full episode on our Youtube channel here:

Here’s some links to some of the articles cited in the latest episode:

1. “Our guide to developing a community ambassador program that can help local newsrooms better serve their communities" (AJP)

2. “Houston philanthropies invest $20M to launch nonprofit news outlet" (Houston Chronicle)

3. “‘A community deserves options’: Why these Black journalists launched their own publication" (WaPo)

4. “How our venture philanthropy is impacting local news" (AJP)

5. “Is There a Market for Saving Local News?" (New Yorker)

6. “Ohio Local News Initiative Taps Local Innovator to Lead Cleveland Newsroom" (Ohio Local News Initiative)

Missed last week’s show? Here are some clips from my chat with Tobias Heaslip: