In the good old days of newspapers, nonprofit papers were rare things — the St. Petersburg (now Tampa Bay) Times had been left in the hands of the Poynter Institute, the Christian Science Monitor was a venture of the church; that was about it. As the business model of newspapers has failed, things have changed: the Philadelphia Inquirer was also given to a nonprofit, hedge fund owners have been widely rumored for months to be looking to spin off many of their loss-making smaller papers into nonprofit hands, other one-off conversions are being explored and the National Trust for Local News (NTLN) has emerged to buy and convert papers, first in Colorado, later in Texas, and most recently all but one of the daily papers in Maine.
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