What's Happening?
Press Forward, a coalition of 110 funders, has significantly expanded its efforts to support local news ecosystems, moving $400 million of its $500 million goal within two years. The initiative focuses on closing local coverage gaps, sustaining trusted
news sources, and advancing policies to expand access to local news. Funding is distributed through regional chapters, a pooled fund, and aligned grantmaking. Press Forward has successfully attracted new funders to journalism philanthropy, with 39% of its funders joining the field in the last five years. The initiative also supports policy advocacy to strengthen the local news infrastructure.
Why It's Important?
The decline of local news outlets poses a threat to informed communities and democratic engagement. Press Forward's efforts to bolster local journalism are crucial for maintaining a well-informed public and supporting civic participation. By attracting new funders and focusing on policy advocacy, the initiative addresses the financial and structural challenges facing local news. This could lead to more sustainable news ecosystems, improved public access to information, and enhanced community engagement.
What's Next?
Press Forward plans to continue expanding its funding and advocacy efforts, with a focus on policy initiatives and diversified revenue models for local news outlets. The coalition's impact report will outline future strategies and areas for growth. As the initiative progresses, it may serve as a model for other philanthropic efforts to support local journalism.
