In 2018, ten former employees of The Denver Post started The Colorado Sun in response to multiple layoffs after the Post's acquisition by the private equity firm Alden Global Capital.
Initially started with a combination of financial and technical support from Civil, a blockchain platform for news organization and from a Kickstarter campaign, The Sun was able to hire the staff and build the business disrupt the news ecosystem of this major market.
Today the Sun remains journalist-owned and is growing audience relying on member support and sponsorships in order to pay the bills. And now, thanks to help from The National Trust for Local News the Sun has purchased Colorado Community Media, which has 24 weekly and monthly newspapers serving eight counties including and surrounding Denver.
In this segment of “E&P Reports” E&P Publisher Mike Blinder chats with Larry Ryckman Editor at the Sun, along Elizabeth Hansen Shapiro Co-Founder at The National Trust for Local News and Senior Research Fellow at the Tow Center for Digital Journalism on how and how the forming of public benefit corporations could be the next news model to help keep legacy newspaper brands alive.
Related links
Colorado Sun Website: https://coloradosun.com
National Trust for Local News Website: https://www.ntln.org
Press Release from Colorado Community Media: https://coloradocommunitymedia.com/stories/tell-stories-that-matter-colorado-community-media-sold-to-journalism-partnership,376195
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