"There's extraordinary opportunity," Mr. Palfrey said. "Many people are focused on finding ways to improve local news coverage, but they just simply don't have enough philanthropic capital to get it going, and we're going to provide at least a down payment on that."
"The investment by Press Forward reflects the concern over the rapid shrinking and disappearance of local news organizations across the United States and what that information void means for democracy."
"The MacArthur Foundation, Knight Foundation, and other organizations recognize the importance of local news and are committing substantial resources to support its revival and sustainability," said Alberto Ibargüen, president of the Knight Foundation.
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