Many major philanthropic groups have increasingly focused their attention in recent years on helping struggling local newsrooms. Now they are joining forces.
On Thursday, more than 20 nonprofit organizations will announce plans to invest a total of $500 million over the next five years in local media organizations, one of the biggest efforts yet to address the crisis in local news.
The initiative, called Press Forward, is spearheaded by the MacArthur Foundation and supported by organizations including the Knight Foundation, the Ford Foundation and the Carnegie Corporation of New York.
