Newspaper finance crisis: Nonprofit model no panacea but may be part of the answer
By Donal Brown Like the economy generally, the newspaper industry’s financial crisis deepens daily with reports of bankruptcies, layoffs and closings. The prospect that this downward spiral could leave the country, or large parts of it, without a vigorous press to uncover news of vital interest has fueled interest in alternative business models–notably including the model of nonprofit organizations. At a time when private investment capital is unavailable, the restructuring of newspapers and other media