Collaboration among news media outlets is not new, but The Exchange is a new collaborative effort that aims to create business and financial content for underserved communities. It’s a collaboration of local, diverse news media with decades of service to their communities, the Local Media Association (LMA), the Local Media Consortium (LMC) and Deloitte.
As philanthropic support of news organizations has increased substantially, Journalism Funding Partners was founded to bring more funding sources and news organizations together to support and report on the issues impacting local communities. JFP disbursed $2.2 million in funds in 2022 and has provided more than $1 million during the first quarter of 2023 to news organizations.
Newspapers save lives. Many newspapers are recognized as vital local institutions in their communities, but how many can literally say they have saved a life? The Somers Record (one of six local newspapers owned by Halston Media) helped a critical local patient find a needed kidney.
The evolution of the newspaper industry is occurring in real time. It’s been painful for some and a wake-up call for others to change their business model, explore new revenue streams and, in the process, discover how to be more visible and supportive in their communities. Many publishers, especially in local news operations, are realizing the value of evolving from a traditional subscription model to a membership model for their business, local citizens and the community.
The days of journalists swooping into a local community or neighborhood to gather the news and then returning to work in isolation in a downtown newsroom have ended for many newspapers. The Charlotte (North Carolina) Observer is the latest to follow that trend with its mobile newsroom.