Save local news? Salt Lake Tribune goes nonprofit

[Woodsy]

https://www.sltrib.com/news/2019/11/...ift-salt-lake/

The IRS approved the shift in a letter dated Oct. 29, deeming The Tribune a 501(c)(3) public charity. That means supporters can start making tax deductible donations now.
The move from a for-profit model was spurred by Tribune owner Paul Huntsman, who, in agreeing to turn Utah’s largest paper into a nonprofit, is giving up his sole ownership.
“The current business model for local newspapers is broken and beyond repair,” said Huntsman, who also serves as The Tribune’s publisher. “We needed to find a way to sustain this vital community institution well beyond my ownership, and nonprofit status will help us do that. This is truly excellent news for all Utah residents and for local news organizations across the country.”

Going to be very interesting to see how this is replicated other places.

[Woodsy]

Another alternative: https://www.nytimes.com/2018/06/17/b...orado-sun.html

[iceman]

Both interesting and I hope they work out. Propublica is establishing local offices/editions too https://www.propublica.org, which should be a positive development https://www.propublica.org

[LightRanger]

Hadn't heard Propublica was going to do local editions. That's awesome.

Hope the Tribune does well with the new model. This stuff is important.