Tuesday, February 17, 2009

How to save newspapers?

Tuesday, February 17, 2009

Huffington Post has an interesting piece by Sally Duros on how a new kind of business structure - the L3C - may provide a lifeline to solvency to newspapers.

The L3C is a low-profit limited liability structure that encourages foundation investment while allowing a profit. The idea then is for daily papers to tap into foundation support for sustenance. Her piece is focused on papers in the Chicago area, and she references a bill creating the L3C hybrid introduced to the Illinois legislature Feb. 4 that apparently has good prospects.

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