Do you know a community that might like a new newspaper?
Publisher: A Different Point of View
Date Written: 08/08/2017
Year Published: 2017
Resource Type: Article
Cx Number: CX21213
At least 171 media organizations in 138 communities closed between 2008 and this January . However, Canadian communities still should be able to have reliable newspapers. They need to explore creating community-controlled not-for-profit papers.
Canadian communities still should be able to have reliable newspapers. They need to explore creating community-controlled not-for-profit papers.
Non-profit newspapers have financial advantages over for-profit papers. A commercial paper is expected to churn out at least 15 per cent profits or investors will take their money elsewhere. Business executives at corporations command salaries into the hundreds-of-thousands of dollars. The manager of a non-profit might earn $90,000. Ad sales staff at daily papers earn a large salary; not so at a non-profit. A for-profit paper pays taxes. A non-profit pays few taxes and can engage in fundraising activities.
Locally owned non-profit papers command the loyalty of people because they embrace and reflect all aspects of a community.