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I believe The Irish Times is funded by a grant. If the starting grant is big enough, in theory, it can sustain itself for ever even without additional donations
by biohacker42 17y ago
I believe The Irish Times is funded by a grant. If the starting grant is big enough, in theory, it can sustain itself for ever even without additional donations.
But theory and practice are often different in practice.
- anigbrowl 17y agoI don't - is this a typo? Being Irish, your statement comes as a surprise to me. http://en.wikipedia.org/wiki/The_Irish_Times http://en.wikipedia.org/wiki/The_Irish_Times
- asdjkf9asd 17y agoFrom Wikipedia: In 1974, ownership was transferred to a charitable trust, The Irish Times Trust. Grant, Trust, same thing? The article also mentions financial troubles when a major expansion coincided with a collapse in advertising rates, so it's not purely trust funded?
- anigbrowl 17y agoAh, no, that's a legal structure set up in such a way as to prevent commercial transfer. Not necessarily funding related at all...it's more like reconfiguring it to be a non-profit; it can still make money and pay salaries, but it can't be an investment vehicle.