Since Report for America launched in 2017, the nonprofit has placed more than 600 reporters in local newsrooms around the country, including for-profit and nonprofit newsrooms alike. The hundreds of newsrooms the organization has placed those reporters in vary in geography, size, business model, and funding sources. And they’ve included, somewhat controversially, chains owned by hedge funds — which are widely loathed within media as the vultures picking the bones of local news outlets clean.
But Report for America’s approach to those newsrooms is changing. At a Journal-isms roundtable last week on “Surviving the collapse of traditional business models,” Kim Kleman, Report for America’s executive director, told attendees that while the organization has had partnerships with hedge fund-owned news organizations in its time operating, “we are phasing those out.” Journal-isms, a blog about media and diversity, confirmed the news in an article published this weekend.
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