The National Trust for Local News is trying to build a $300 million fund to help save local news

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In the crowded field of nonprofits supporting local news ventures, Elizabeth Hansen Shapiro’s National Trust for Local News stands out as something distinct.

Rather than grants, the trust dispenses venture capital. Advice and some control come with the help. But the point is for recipients to gather other investors and develop models for serving small-town news deserts that are losing all local coverage.

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