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> This is all to say: the guardian became a nonprofit-like trust at a point in time it was already a stable business, with capital to self-finance. The same ki
by pyrale 2y ago
> This is all to say: the guardian became a nonprofit-like trust at a point in time it was already a stable business, with capital to self-finance.
The same kind of logic was applied to two french newspapers:
- Le canard enchaîné, created in 1915, specific status preventing sale of capital made in 1958. Motive was foiling an attempted takeover by another company.
- Mediapart, created in 2004, trust made in 2019. They made the change deliberately in order to protect the newspaper's future.
Both newspapers are doing well today, so I'm not sure this kind of thing is a product of its time and impossible to copy nowadays. However, both newspapers are producing quality investigative journalism, which most news media don't these days.