March 12, 2009
All the News That's Fit to Finance
The most widely accepted rationale for the existence of nonprofit organizations is that they fill important public needs that the market and government are unable or unwilling to meet. If there were ever a case for a vital unmet public need in contemporary American democracy, it is the gaping hole left by the precipitous decline — both quantitatively and qualitatively — of the modern news media.
The financial condition of journalism in the United States has been
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