[Commentary] Until recently, it was unthinkable that newspapers would become major recipients of charitable subsidies. But as newsroom layoffs continue with no apparent end, increasingly they are seeking philanthropic support, and the nonprofit world is delivering.
[Commentary] An intensified search for philanthropy by the UK-based Guardian Media Group has touched off an experiment that could provide a new revenue source for American newspapers. A newly created U.S. nonprofit, theguardian.org, has already raised $2.4 million in foundation gifts and pledges, and has sent some of that money to the Guardian news operations to finance five journalism initiatives. The Guardian differs from most American newspapers in that it is owned by a trust that returns all profits to the news organization.