Latest Breaking News On - Public media venture group - Page 9 : comparemela.com
New Deal: Colorado-national consortium buys community papers
channel3000.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channel3000.com Daily Mail and Mail on Sunday newspapers.
New Deal: Colorado-national consortium buys community papers
helenair.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from helenair.com Daily Mail and Mail on Sunday newspapers.
New Deal: Colorado-national consortium buys community papers
newsadvance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsadvance.com Daily Mail and Mail on Sunday newspapers.
New Deal: Colorado-national consortium buys community papers
By JAMES ANDERSONMay 4, 2021 GMT
DENVER (AP) The Colorado Sun, a Denver-based online news operation created three years ago by journalists who left The Denver Post, has partnered with a national nonprofit to buy 24 community newspapers in a unique venture that seeks to preserve local journalism.
The arrangement adds to a growing number of newspapers receiving boosts from nonprofits that are devoted to protecting journalism in the United States where private equity or hedge funds buy up and consolidate financially struggling legacy newspapers.
The Sun and the National Trust for Local News announced the private purchase Monday of the family-owned Colorado Community Media, which operates the papers some of which are more than a century old and the websites and two shoppers. Colorado Community Media, with 330,000 readers, will be supported by the new Colorado News Conservancy, a public benefit corporation created by
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
24 Community Newspapers in Colorado Acquired by Local and National Funding Consortium
National Trust for Local NewsMay 3, 2021 GMT
Denver, CO, May 03, 2021 (GLOBE NEWSWIRE) A first-of-its-kind local and national partnership has facilitated the purchase of a network of 24 weekly or monthly newspapers in Colorado, preserving local mission-focused community ownership.
This new collaboration creates a viable and replicable alternative to national consolidation of local news outlets by private equity or hedge funds. The transaction points a new way forward for communities in danger of losing control of local news enterprises that are in many cases the only independent news sources providing critical coverage of community issues.