COLUMBIA JOURNALISM REVIEW – 10/01/2020
Jacob Nelson and Patrick Ferrucci
THE ECONOMIC OUTLOOK FOR JOURNALISM REMAINS DARK. The news industry’s once-dependable revenue model, based on selling advertising and subscriptions, increasingly seems like an artifact from a different era. Against this backdrop, many journalism stakeholders have looked to foundation funding for rescue. Between 2009 and mid-2016, foundations gave $1.1 billion to journalism projects within the US.