Another way to say it is: public service, mission-driven journalism, including investigative work, has always been subsidized by something: advertising, other kinds of news, donors to a non-profit (as with ProPublica) or a related and profitable business like the Bloomberg terminals that subsidize Bloomberg News. First Look Media is adding to the picture another possible source of support: profits from a company specifically focused on technology for producing, distributing and consuming news, views and information.
Thursday, December 19, 2013
Inside Look at First Look
The new media company formerly known as NewsCo. now has a new name, First Look Media, and more flesh on bones, as sketched out today by funder (at $50 million) Pierre Omidyar and advisor Jay Rosen, both to be found here. The journalism operation, to answer a key question, will be non-profit while the related tech operation will be for-profit. Rosen:
is author of a dozen books (click on covers at right), including the new "THE TUNNELS: Escapes Under the Berlin Wall and the Historic Films the JFK White House Tried to Kill." He was the longtime editor of Editor & Publisher. Email: firstname.lastname@example.org. Twitter: @GregMitch