nyt and propublica go asking for $1 million

03Nov08

Some interesting debate here about The New York Times and ProPublica teaming up to ask for $1 million from the Knight News Challenge. With loads of debt, the NYT could use any infusion of cash it can get, but is it in the spirit of the grant to help fund such a media organization?

Many have talked about the non-profit model being the way for media to go, like NPR and AP. Maybe there’s room for a combination of the two, such as a news organization that seeks to break even on its own but relies on some outside donations to make ends meet. Still, it doesn’t quite feel right that this means a small startup relying on Knight News Challenge funds could be aborted before birth just to add a little money to the already large Times budget.

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