A $500 Million Pledge to Support Local News
Non Profit Quarterly
NOVEMBER 7, 2023
The MacArthur Foundation itself pledged $150 million to the new fund. Still, Im says that a big part of the project is outreach to funders to try and convince them not just to support local journalism but to consider doing so with fewer restrictions. Since 2005, some 2,200 local newspapers have closed. So, we have to honor that, too.”
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