Study: Journalism has seen substantial rise in philanthropic spending in past five years

NEW YORK—There has been a “substantial” increase in philanthropic spending for journalism over the past five years, particularly outlets that serve poor and minority communities, a report issued on Thursday said—but journalists need to tighten ethical rules that govern the new spending, it recommended.

“We see many more people—and that includes people who work in philanthropy—being interested in a stronger civic infrastructure by funding local news,” said Sarah Alvarez, founder of Outlier Media, a Detroit-based news source that started in 2016 and now has 16 employees. “It’s significantly more important than it was eight years ago,” said Tom Rosenstiel, a University of Maryland professor who worked on the report, updating a similar one from 2015. “There are more nonprofit news organizations, and a lot of for-profit news organizations now get charitable donations, including The New York Times.”

She found a sharp increase in philanthropic interest in Outlier Media after the pandemic because it showed people who weren’t used to living every day with a lack of vital information what that was like. While the situation has improved since the 2015 study, news organizations have been slow in developing public guidelines on what type of money they will accept, and how that is disclosed to readers, he said. For instance, 72 percent of for-profit outlets say they don’t have written policies, the survey said.

The survey said 92 percent of nonprofit news outlets and 83 percent or for-profit organizations said funders never saw editorial content that they helped underwrite prior to publication.

Source: News Formal (newsformal.com)

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