The Atlantic :: It was startling to read last week that the Ford Foundation was awarding a two-year grant of $1.04 million to the Los Angeles Times for the hiring of reporters. The money will be used for coverage of immigration issues, including the Korean and Vietnamese communities, the California prison system, and the border region with Mexico, and to staff a bureau in Brazil. Ford has long been a supporter of journalism, with an emphasis on public broadcasting and nonprofit enterprises. But this grant represents a different approach: support for a newspaper currently in bankruptcy that has endured years of cutbacks in its resources and revenues.
"Hope?" - Continue to read Peter Osnos, www.theatlantic.com
HT: Raju Narisetti, here:
Sounds like desperation than salvation or a good biz model MT@senaytweets Is philanthropy print journalism's last hope? theatln.tc/JNH6Df— Raju Narisetti (@rajunarisetti) May 30, 2012