Saving the News Media Means Moving Beyond the Benevolence of Billionaires

"For the journalism industry, 2024 is off to a brutal start," writes the Poynter Institute in a blistering analysis of the latest round of layoffs at the Los Angeles Times.

The newspaper's billionaire owner, Patrick Soon-Shiong, announced last week that he was slashing 20% of the newsroom's staff, a move that came after years of declining print advertising.

"Many employees and readers hoped the Times' billionaire owner, Patrick Soon-Shiong, would stay the course in good times and badthat he would be a steward less interested in turning a profit and more concerned with ensuring the storied publication could serve the public," writes Poynter's Jack Shafer.

"Yet, as we've previously argued, relying on the benevolence of billionaire owners isn't a viable long-term solution to journalism's crises," writes Shafer.

"In what we call the 'oligarchy media model,' it often creates distinct hazards for democracy," he writes.

"The recent layoffs simply reinforce these concerns."

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Spokane Businesses Owned by People of Color Awarded New State Grant Funds

People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review. That's why the Spokane Workforce Council is...more

Nbta Survey to Shed Light on Parties' Stance on Education Ahead of Election

The New Brunswick Teachers Association is asking teachers and voters in the Canadian province to take a survey ahead of the next provincial election in September, the CBC reports. "We've seen a...more

Press Release: Ok Arts Council Grants and Programs Offered for Fiscal Year 2025

The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more

Gulf Shores Student Working to Preserve Little Lagoon Shoreline with State Grant

"I don't think many people know about our local ecosystems or recognize how important they are to keeping our beaches beautiful, keeping tourists here, and keeping our water as sparkling clean as it...more

Local Scholarships

A community college in Muskegon, Mich., is offering a full ride for any student willing to take a year of classes there, the Muskegon Chronicle reports. Muskegon Community College is offering a...more

Connecting The Dots Of Your Strategic Plan

When Collidescope.io co-founder and CEO Nick Lynch was looking for a new job last year, he came across an ad for a job that seemed like a no-brainer. "I am a software engineer," he wrote. "I...more

New Report by Community Foundation Illuminates Nonprofit Sector
Foundation: Community Foundation of Sarasota County

There are nearly 750 nonprofit organizations in Sarasota, Manatee, Charlotte, and DeSoto counties in Florida, providing everything from health and youth services to education and the arts, per a new...more

4 Ways Workplace-Giving Supports Fundraising Strategies

When it comes to giving back to their communities, employees of companies are doing more than just putting money in their paychecksthey're giving their time and energy. In fact, more than 27...more

Prosperity Denver Fund Announces Final Candidate for New Ceo
Foundation: Daniels Fund, Colorado Trust, Denver Foundation

The new CEO of the Prosperity Denver Fund says she's "thrilled to join the team at Prosperity Denver Fund, in service to the vision of Denver's taxpayers and their investment in the future of our...more

Philanthropy Calendar, July 17, 2024

When the Providence Performing Arts Center was looking for a new artistic director earlier this year, it was looking for someone who would be willing to take on the role of artistic director of its...more





Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.



Federal Government Grant and Assistance Programs


Capital Construction Fund | 1890 Institution Capacity Building Grants | Special Education_Parent Information Centers | Emergency Rehabilitation of Flood Control Works or Federally Authorized Coastal Protection Works | Migrant Education_State Grant Program | Public Health Training Centers Grant Program | Promotion of the Humanities_Public Programs | Marine Mammal Data Program | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders