Interest by the philanthropic community in supporting public-interest media is not new. Donor-supported nonprofit magazines like National Geographic and Mother Jones have been around for decades. The original Fund for Investigative Journalism dates back to 1969, while America’s National Public Radio began in 1971. Following the end of the Cold War, Western governments and foundations pumped billions of dollars abroad, as part of an emerging “media development” field to establish independent news outlets in former Communist states and developing countries. Over the past few years, however, with the Internet-fueled spread of disinformation and a growing global backlash against free expression, donors are taking renewed interest in funding independent journalism.