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Chicago-based non-profit news org shuts down, to return as for-profit
- brandnewlow 17y agoChicago news nerds are talking about this over on the Citizen: http://www.windycitizen.com/chicago/news/2009/09/11/chi-town-daily-news-folds http://www.windycitizen.com/chicago/news/2009/09/11/chi-town... The ChiTown Daily News received over $700,000 in grant funds over the last three years and has employed up to 5 full-time employees at a time. It was founded by an ex-Chicago Tribune investigative reporter as a citizen journalism operation in 2006. They've received a ton of press from the likes of the New Yorker, PBS and others. You can see the most recent clips here: http://www.chitowndailynews.org/about/press http://www.chitowndailynews.org/about/press My friends on staff are telling me they just ran out of money. Posters over on my site are wondering how the same team's supposed to make a for-profit version of this simply by raising more money, this time from people who expect results. I'm wondering the same.