Journalists Crowdfund To Control Their Destinies

Fake News attacks by you-know-who, lack of advertising, the cost of newsprint, acquisitions by private equity that have squeezed costs (i.e., journalist salaries and jobs) have changed the landscape for print journalists.

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In order to survive, many are turning to crowdfunding, like the to-be-started Colorado Sun. This company, that will be owned entirely by its employees, has raised $161,000 on Kickstarter and will be partially funded by Civil Media, a blockchain company, that plans to support a number of independent news organizations.

Civil Media plans an Initial Coin Offering of $32 million with the goal to “create a haven for independent, ethical journalism that keeps off spam, keeps off trolls, keeps off misinformation…” and to maintain high ethical standards.

http://www.fox5vegas.com/story/38770453/these-startups-are-trying-to-save-your-local-newspapers

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, balance, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, Jobs, Legislative Intent, Small Business, technology, VC, Venture Capital and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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