One of the more interesting business models for local news that Ellen Clegg and I have encountered in our work is what you might call the hybrid for-profit/nonprofit. For-profit organizations such as The Mendocino Voice in Northern California, The Colorado Sun, the Storm Lake Times Pilot in Iowa and The Provincetown Independent have either set up nonprofit arms or are working with existing nonprofits to raise tax-exempt money that can be used to support certain types of public interest journalism.
This past Monday, Fredric Rutberg explained how that model is working at The Berkshire Eagle, the Pittsfield, Massachusetts-based paper that he and several other business leaders rescued from the hedge fund Alden Global Capital back in 2016. A retired judge, Rutberg is now publisher and president of the Eagle.
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