Monday, March 02, 2009

Endowment mortgages for newspapers?

Another of the end of newspapers pieces, but interesting.
As long as internet neutrality, what I call internet liberty, isn't crushed, the demise of the traditional newspaper holds out the possibility of a press that more closely reflects the interests of the ordinary people, instead of the urban business classes.

So the endowment model is in my view actually much less likely to make the reporters beholden to special interests. Once the money is in the endowment, the donor's leverage is much reduced. Of course, if you were actively trying to increase the endowment, you might be tempted not to make waves . . . But presumably that would not be the normal state of affairs for all endowed journalists. It should be a 501 c 4 endowment rather than c3, i.e., the kind that allows partisan political activity.

The main problem with the endowment model is that an endowment has to be just enormous to generate enough money to accomplish anything.

From Informed Comment

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