Salon Talks Newspapers Going Non-Profit

Chip Giller, though, believes foundations aren’t the ultimate answer for journalism. “The nonprofit world can be a bridge to a bigger solution, but I don’t think that there’s enough dollars in the nonprofit world to support the infrastructure to do the kind of investigative journalism and bird-dogging and watchdogging that’s required for a vibrant society,” he says. Besides, due to the recession, foundations’ endowments are down around 40 percent, which makes them less likely to try to take on the role of funding news gathering, given their many other urgent priorities.