The article discusses the decline of traditional newspaper revenue, leading many outlets to adapt by becoming nonprofit organizations. With declining advertising and subscription income, local news organizations such as The Salt Lake Tribune have turned to nonprofit models to explore alternative funding sources. A recent study highlights that these nonprofit outlets are increasingly relying on multiple revenue streams, including support from foundations like the Knight Foundation, to ensure sustainability in the changing media ecosystem. The findings suggest a need for a diversified funding mix tailored to each organization's unique circumstances.
In recent years, nonprofit news organizations are increasingly relying on multiple revenue streams, including foundation support, to adapt to the evolving landscape and sustain their operations.
Local nonprofit news outlets are discovering that a diversified revenue portfolio is essential for long-term sustainability, with foundations stepping in to provide critical funding.
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