Many nonprofit news organizations struggle with limited resources, hindering their ability to employ full-time staff dedicated to essential business functions such as marketing, product development, technology integration, human resources, finance, accounting, and revenue generation.
Mergers and acquisitions are set to be the most prevalent form of consolidation. There are plenty of precedents. New Jersey's PBS station, WNET, acquired NJ Spotlight in 2019 to boost its local public-affairs coverage. Colorado Public Radio's acquisition of Denverite from Spirited Media in 2021 and WBEZ's 2022 acquisition of the Chicago Sun-Times, creating a major nonprofit news entity, are other notable examples.
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