The MacArthur Foundation has joined together with the Ford Foundation, Knight Foundation, Hewlett Foundation, and Carnegie Corporation of New York, as well as several other philanthropic organizations to rejuvenate local news coverage in regions that have been identified as “news deserts”. “Press Forward” is a five-year, $500 million initiative that seeks to address the crisis in local news.
The past few years have witnessed the closing of over 2,500 newspapers, leading to increased corruption and decreased voter participation. Approximately one-fifth on the American population does not have steady access to reliable local news.
The goal of “Press Forward” is to develop sustainable funding models for journalism, aiming to support existing organizations and foster the emergence of new ones. Press Forward aims to accelerate innovative solutions in the journalism industry and bring other philanthropic organizations and digital platforms on board, with a potential target of $1 billion over five years. While for-profit news outlets may receive some funding, their ownership and business practices will be scrutinized. The philanthropic support is characterized as “seed money” to encourage innovation and ensure the delivery of local news to all American communities.