3 ms·

I'd like this to happen. Not sure Apple would see it this way, particularly since they have a certain relationship with Google that is riven with quid pro quo'

I'd like this to happen. Not sure Apple would see it this way, particularly since they have a certain relationship with Google that is riven with quid pro quo's. Also, people at Apple might have other ideas about where to fling their cash. How much did you say this would cost? To save journalism from extinction. Per annum?

specialist 6y ago
I was just wondering how to size the imaginary Apple Community Trust (ACT) fund. Provisionally assume peak journalism in the 1970s was 200,000 reporters. Let's low ball double that for production and support (proofreading, factcheckers, web masters). +400,000. Add 20% for admin overhead. +120,000. So aspirational "full" employment is 620,000. Guesstimate $120k yearly benefits (salary, healthcare, coffee). Punt on expenses (phones, laptops, gas, office rent). So it'd cost $74.4b / year to have "full employment", in the USA. ACT has the goal to seed 1% of all journalism, of whatever variety. Like most others, they want to share the risk, meaning they'll seed and match, but rarely fully fund, and typically max at 25%. (Successful fund raising is good social proof signal of merit.) $74.4b x 1% x 25% = $1.86b So ACT commits to ramping up to granting $1.86b per year. Some funding channels will ramp up quicker than others.
- wombatmobile 6y ago
  OK. Those headcount might be high for USA, but if ACT acts globally then perhaps the numbers are in the ballpark. https://www.pewresearch.org/fact-tank/2020/04/20/u-s-newsroom-employment-has-dropped-by-a-quarter-since-2008/ https://www.pewresearch.org/fact-tank/2020/04/20/u-s-newsroo... "From 2008 to 2019, overall newsroom employment in the U.S. dropped by 23%, according to the new analysis. In 2008, there were about 114,000 newsroom employees – reporters, editors, photographers and videographers – in five industries that produce news: newspaper, radio, broadcast television, cable and “other information services” (the best match for digital-native news publishers). By 2019, that number had declined to about 88,000, a loss of about 27,000 jobs."

specialist 6y ago

I was just wondering how to size the imaginary Apple Community Trust (ACT) fund. Provisionally assume peak journalism in the 1970s was 200,000 reporters. Let's low ball double that for production and support (proofreading, factcheckers, web masters). +400,000. Add 20% for admin overhead. +120,000. So aspirational "full" employment is 620,000. Guesstimate $120k yearly benefits (salary, healthcare, coffee). Punt on expenses (phones, laptops, gas, office rent). So it'd cost $74.4b / year to have "full employment", in the USA. ACT has the goal to seed 1% of all journalism, of whatever variety. Like most others, they want to share the risk, meaning they'll seed and match, but rarely fully fund, and typically max at 25%. (Successful fund raising is good social proof signal of merit.) $74.4b x 1% x 25% = $1.86b So ACT commits to ramping up to granting $1.86b per year. Some funding channels will ramp up quicker than others.

wombatmobile 6y ago
OK. Those headcount might be high for USA, but if ACT acts globally then perhaps the numbers are in the ballpark. https://www.pewresearch.org/fact-tank/2020/04/20/u-s-newsroom-employment-has-dropped-by-a-quarter-since-2008/ https://www.pewresearch.org/fact-tank/2020/04/20/u-s-newsroo... "From 2008 to 2019, overall newsroom employment in the U.S. dropped by 23%, according to the new analysis. In 2008, there were about 114,000 newsroom employees – reporters, editors, photographers and videographers – in five industries that produce news: newspaper, radio, broadcast television, cable and “other information services” (the best match for digital-native news publishers). By 2019, that number had declined to about 88,000, a loss of about 27,000 jobs."