In this 136th episode of “E&P Reports,” Venetoulis Institute for Local Journalism Founder and President Stewart Bainum, Jr. and CEO Imtiaz Patel discuss their 18-month journey together, first trying to acquire the 184-year-old Baltimore Sun, and then their “hub” to launch nonprofit news startup The Baltimore Banner, to fulfill their mission of becoming the “leading provider of news and style content in Life” from Baltimore.
When longtime Roanoke Times reporter Luanne Rife left the paper in early 2021, a nonprofit interested in supporting quality journalism approached her to ask her opinion on the viability of a medium. online only. This led to a grant of $100,000. The grant and a matching amount provided seed capital to develop The Cardinal News, which launched in September 2021.
Attacks on media companies are on the rise. It is difficult to determine whether cybercriminals are strategically targeting media companies or whether the criminal network is so widespread that it ensnares news outlets almost accidentally. But news organizations around the world have found themselves at the mercy of hacks, breaches and ransomware demands, perhaps the most insidious of all.
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