Discussion finds pros and cons to new ownership forms

Putting journalism under non-profit ownership is no panacea for financing it, a six-person panel found during an 80-minute discussion at the New England Newspaper & Press Association annual meeting in Boston moderated by 2008-2009 Reynolds Fellow Bill Densmore.

There are challenges to obtaining foundation funding. Local-news operations in New Haven, Conn., and Brattleboro, Vt., are testing the waters and in Boston the New England Center for Investigative Reporting is working with Pulitzer Prize-winner reporters. Meanwhile, Congress will be asked to endorse a new form of ownership called the Low Profit, Limited-Liability Corporation (L3C), a for-profit that puts a social mission ahead of profits. You can hear thoughts on these and other topics by watching archived video of the panel, or by reading running notes of moderator Bill Densmore, all linked from this wiki page.


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