Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It doesn't seem at all unlikely that we'll be seeing more of this over the coming decade. With the paywall experiments showing mixed results, and not coming close to the old (and still declining) ad revenue, and no magical replacement for their lost classifieds, a new "journalism patronage" model may be what allows many of these organizations to stay afloat. Whether from altruism, ego, a feeling of public service, or a desire for a "propaganda" arm, as some other commenters have stated (which seems very unlikely to me in this case), those with the means may well be what keeps institution-backed investigative journalism alive.


Seriously, how expensive is $250 million to control the most important and influential voice coming out of Washington? Regardless of what motives Bezos may have, that's not a bad deal.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: