Alberto Ibarguen spends $150 million to save local newswire.
![Альберто Ибаргуэн спендировал 150 млн долл. на спасение местной новостной ленты.](https://cdn.hatamatata.com/pic/blog/3703/YY0xu1tExV4hxMip2yJgzm095I6snwB65AL95DF6.webp)
![Альберто Ибаргуэн спендировал 150 млн долл. на спасение местной новостной ленты.](https://cdn.hatamatata.com/pic/blog/3703/YY0xu1tExV4hxMip2yJgzm095I6snwB65AL95DF6.webp)
One of the major problems with today's media is the lack of funding for in-depth reporting in local communities.
The president of the Knight Foundation, Alberto Ibarguen, believes journalists need time to do solid research, and time is worth money. He said the independence of the press is an important aspect for control and balance in society.
16 December 2023
16 December 2023
16 December 2023
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Many of the existing media funding models do not''provide adequate resources for this type of journalism. Some media companies, such as Gannett and Sinclair, do not focus enough on local issues in the pursuit of profit.
The Knight Foundation plans to change this situation by investing in communities and providing economic support for local journalism so the media can fulfill its function of informing citizens.
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