Hellman nonprofit to boost local news coverage in San Francisco
San Francisco financier Warren Hellman will invest $5 million to develop a nonprofit journalism venture that will provide regional news coverage online and feed stories to media partners including public radio and TV outlet KQED and possibly the New York Times. The goal of the organization, which is expected to begin next year and create "more than dozens" of positions, is to ensure thorough coverage of local politics, social issues, education and other topics as the traditional media industry shrivels. "We've lost a lot," claimed Hellman, who specifically bemoaned dwindling reporting on subjects like the San Francisco Ballet, local business openings and vetting of political candidates. "We're going to be meeting an unmet need." But depending on its ultimate scale and success, some believe it could also threaten the remaining local news industry. That may be especially true if it establishes a partnership with the New York Times, which, like the Wall Street Journal, already announced plans to start a Bay Area edition to capitalize on declining regional news coverage.