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"For the journalism industry, 2024 is off to a brutal start," writes the Poynter Institute in a blistering analysis of the latest round of layoffs at the Los Angeles Times.
The newspaper's billionaire owner, Patrick Soon-Shiong, announced last week that he was slashing 20% of the newsroom's staff, a move that came after years of declining print advertising.
"Many employees and readers hoped the Times' billionaire owner, Patrick Soon-Shiong, would stay the course in good times and badthat he would be a steward less interested in turning a profit and more concerned with ensuring the storied publication could serve the public," writes Poynter's Jack Shafer.
"Yet, as we've previously argued, relying on the benevolence of billionaire owners isn't a viable long-term solution to journalism's crises," writes Shafer.
"In what we call the 'oligarchy media model,' it often creates distinct hazards for democracy," he writes.
"The recent layoffs simply reinforce these concerns."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
When it comes to fundraising, Julia Jordan is no stranger. The new chief advancement officer for UC Law San Francisco was previously in charge of fundraising for the Bay Area Discovery Museum and...more
Jerry Lohr, one of South Dakota State University's largest benefactors and a member of the SDSU Foundation board since 1988, announced this year's recipient of the foundation's Lohr Award for...more
Foundation: Community Foundation of Sarasota County
"I know it's really easy to shop online and just click buttons without taking your wallet out, but our local business community really needs your support, love and compassion right now." That's...more
The government of the United Arab Emirates is kicking off its annual charity drive, Day for Dubai, to help people affected by natural disasters and other crises around the world. The...more
Joe Biden's administration is suing Virginia over a voter purge program it says violates federal law, the Richmond Times-Dispatch reports. According to CNN, Virginia Gov. Glenn Youngkin issued...more
A group of progressive donors is putting its money where its mouth is in an effort to make sure that pro-democracy efforts get the funding they need in the lead-up to November's election, Inside...more
Gen Zers and millennials are giving away more than their parents did, according to a new study from Bank of America. The survey of more than 1,000 donors with more than $3 million in investible...more
If you're a millionaire under the age of 43, you might want to think twice about giving to a charitybecause you're more likely to volunteer, fundraise, and act as a mentor than you are to give...more
Stacey Abrams isn't a climate activist, but that didn't stop the Democrat from giving a talk on climate change at the New School last week. "My vision is that we move this out of voting, simply...more
A school district in South Carolina is asking voters to approve a $239 million bond referendum on Nov. 5, the State reports. According to WYFF, the Lexington-Richland School District Five bond...more
Social Entrepreneurship
Spotlight
Using Fashion as a Force for Social and Environmental Good
Jeff Denby co-founded PACT, a movement camouflaged as a clothing company. Denby and his team decided to build a business to fund the causes they believe in.
