If for-profit news is struggling, how can a nonprofit newsroom compete?
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If for-profit news is struggling, how can a nonprofit newsroom compete?
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Nonprofit newsroom carves out niche in NOLA’s market. Whether it’s for print, radio, tv or digital, newsrooms across the nation are shrinking. Earlier this year, the Los Angeles Times announced it would be laying off 20% of its newsroom and Sports Illustrated planned to cut a significant number of staff members, possibly all of them. Like any other sector of the economy, the news industry must maintain a level of profitability to stay viable. With the rise of digital and social media, traditional ad-based, for-profit news organizations have had to slash jobs while trying to produce quality journalism. In 2022, two former veterans of New Orleans’ newspaper of record, the Times-Picayune, decided to go a different route and founded a nonprofit news organization, Verite News. But if for-profit news is struggling, how does Verite plan to stay in the game as a nonprofit? In this episode, I visited Verite’s newsroom to find out.