News Startup El Español to Compete with Traditional Spanish Media

Posted
by: Tamar Wilner | CJR

A Spanish news startup led by ousted El Mundo founding editor Pedro J. Ramírez has raised €3.1 million ($3.4 million) through crowd-funding in less than two months, likely the most ever generated by a journalism crowdfunding campaign. The well-heeled website, El Español, has €18.2 million in total capital and reserves, and is also taking the unusual step of giving all donors a financial stake in the business.

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