For high-quality journalism to thrive after the collapse of the traditional business model for media, independent media outlets need to leverage on their social capital to generate revenue and ensure editorial independence. The economic value of social impact can be used to justify and attract investments from foundations, NGOs, businesses, the public, and even government.
Non-transparent media ownership in Hungary has created a government-friendly and controlled media environment, but investigative journalists such as Hungarian-born Tamás Bodoky are increasingly going online to report on “sensitive” topics including corruption. Small investigative outlets in the country have so far survived with crowdfunding campaigns and institutional grants.
The Global Investigative Journalism Network exists to support the world’s truth tellers and provide them with the training, strategies, and networks that help them hold the powerful accountable and give voice to those who otherwise have none. Your support today can help us meet the tremendous demand for these capacity-building efforts in the months to come.
A simple WordPress blog named #NoHaceFaltaPapel didn’t exist a year ago. Now it’s a publishing company whose El Español is responsible for the largest crowdfunding campaign for journalism to date. Previously at the Spanish newspaper El Mundo and now working in New York City for Univision Noticias, María Ramírez and her husband Eduardo Suárez launched the blog last April to explore media innovation at the International Symposium of Online Journalists.
This is not just about getting the money; it is about creating a faithful community of readers. In a way, they are searching for the lost group of loyal subscribers to traditional newspapers who would call the newsroom in times of crisis as if journalists were family.
Last week, the Pew Research Center released Crowdfunded Journalism: A Small but Growing Addition to Publicly Driven Journalism. The report highlights that, while contributions to crowdfunding journalism are modest compared with other categories, it is indeed a growing trend. The report found that crowdfunding represents a new, niche segment of nontraditional journalism, gives voice and visibility to efforts that otherwise would likely slip under the radar, provides new sources of sustainability, and contributes to public engagement.
As 2015 nears an end, we’d like to share our top 12 stories of the year — the stories that you, our dear readers, found most compelling. The list ranges from free data tools and crowdfunding to the secrets of the Wayback Machine. Please join us in taking a look at The Best of GIJN.org this year.
Monday July 6 saw the launch of The Ferret, a new Scottish investigative journalism platform, which joins an expanding list of media business models benefitting from crowdfunding. Given the seemingly increased popularity of this funding route many media players will understandably be asking if this source of income is for them. In this article we explore some of the benefits – and potential pitfalls – anyone exploring these channels needs to consider.
Crowdfunding is the process of convincing a large group of people to contribute small sums of money toward a specific project, usually via the Internet. It is helping redefine the fundraising landscape. Whether you’re interested in raising money for one story, your publication or broadcast, or founding a new organization, crowdfunding has become an alternative approach for financing the launch of new journalism projects. Today, there are hundreds of crowdfunding sites worldwide. They are growing quickly, and collectively these sites have raised billions of dollars for all kinds of projects, from tech start-ups to innovative new products.
At a time when the media is struggling to support serious journalism, investigative reporters increasingly are turning to crowdfunding. The field is growing quickly and success stories abound, but the challenges are many. For our latest resource page, GIJN has gathered tips and strategies from the best sites and blogs, and done a guide to global and regional crowdfunding sites most suited for journalists. Let us know what we’ve missed!