Knight Foundation Announces $6 Million to Strengthen Local News

Knight Foundation Announces $6 Million to Strengthen Local News

The John S. and James L. Knight Foundation has announced a $6 million investment in three organizations working to rebuild local news ecosystems.

As newsrooms grapple with failing business models and declining revenues, the grants will help bolster local news business development, training, and network and capacity-building initiatives. Awarded as part of the foundation's $300 million initiative to strengthen local journalism nationwide, the grants include $3.5 million to the Institute for Nonprofit News to expand its service offerings to its membership network, including audience development assistance, technology and revenue expertise, business and talent development advice, and leadership training; $1.5 million to the News Revenue Hub, in support of its efforts to help news organizations develop sustainable business models, expand their audiences, and create editorial products that increase loyalty as well as financial stability; and $1 million to LION Publishers to boost its capacity to deliver training, peer-to peer learning, and best practices in areas such as libel law, advertising, membership programs, and shared technology services.

"Individuals and organizations that want to strengthen democracy have an enormous opportunity to reverse the decline in local news by supporting organizations such as these," said Knight Foundation president Alberto Ibarg├╝en.