Nonprofit News Groups Face Uncertain Financial Future, Study Finds

Nonprofit news organizations can’t live on well-reported articles and foundation support forever, says a new report by the John S. and James L. Knight Foundation.

The report, “Getting Local,” explores the local news operations of eight nonprofit groups, including MinnPost in Minnesota, the St. Louis BeaconThe Texas Tribune, and others. One, the Chi-Town Daily News, closed during the study.

None have developed a clear model for sustaining their operations independently, the study found, and each depends heavily on donations and grants. In 2010 more than 90 percent of the organizations’ revenue came from donations, including 57 percent from foundation support and 34 percent from individuals.

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About the John S. and James L. Knight Foundation

Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged. For more, visit www.knightfoundation.org.