New Non-Profit Media Outlet Planned For Houston
An as yet unnamed new non-profit news outlet has announced plans to open a region-wide in Houston in late 2022 or early 2023, saying it "will answer the community's calls for additional news coverage."
A coalition of five foundations — three of them local — is funding the effort with a plan to spend $20 million on an independent publication. The local philanthropies — the Houston Endowment, the Kinder Foundation and Arnold Ventures — are joined by the journalism foundations American Journalism Project and Knight Foundation.
The non-profit news organization's coverage will be available for free to readers and other publications.
In the past several years, many journalism outlets have fallen on hard times with employee buyouts, staff shrinkage and publication closures the norm throughout the country. At the same time, the country has seen a rise in non-profits that fund their ventures with money from foundations and other non-traditional sources rather than reader subscriptions.
Read more: https://www.houstonpress.com/news/new-media-outlet-headed-for-houston-12724692