Webnewser has a story about former New Jersey Star-Ledger employees who launched NewJerseyNewsroom.com, the latest in a series of local news sites founded by refugees from print papers.
Roughly 40 of the 200 employees who took buyouts are assisting in the effort. They aren’t making any money — although they are receiving equity in the fledgling venture — but most are subsiding on the one-year salary they were given when they departed the S-L.
While Matt Romanoski, the former deputy sports editor who’s spearheading the effort, says he and his colleagues are searching for revenue streams, it remains to be seen if there’s any interested parties. With investments decreasing, we think these guys have a much better shot at securing funding.