Monday, April 6, 2009

A new Model of Local Journalism?

Here's how it works: A journalist post his or her project on the site, with a dollar amount that is needed to set the wheels in motion. Donors then pledge small amounts by credit card towards the goal (though the cards aren't charged for until after the total needed has been reached). Projects can be initiated for as little as $450, though in-depth stories can cost thousands of dollars. Most of this money is paid to the reporter, with smaller amounts going to the editor and fact-checker. To keep donors from having undue influence on the work that gets produced, no one can support more than 20% of any individual story. ...more

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