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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.