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Community News Gets Nonprofit Backing In Colorado
May 6, 2021
A local and national partnership has put a network of 24 weekly or monthly newspapers in Colorado under a nonprofit umbrella.
Colorado Community Media (CCM), an independent, family-owned group of 24 community newspapers and websites plus two shoppers, has been acquired by the newly created Colorado News Conservancy, a public benefit corporation jointly owned and operated by The National Trust for Local News and The Colorado Sun. It is backed by a coalition of local and national impact investors and the nonprofit lender FJC – A Foundation of Philanthropic Funds (FJC).
Supporters of the purchase include the Denver-based Gates Family Foundation, The Colorado Trust, and the American Journalism Project (AJP).