What's Happening?
Press Forward, a coalition of 110 funders, has significantly increased its financial support for local news ecosystems, distributing $400 million of its $500 million goal. The initiative, launched in 2023,
aims to close local coverage gaps, sustain trusted news sources, and advance policies that expand access to local news. Funding is distributed through regional chapters, a pooled fund, and aligned grantmaking. Press Forward has also been active in policy advocacy, supporting state and national media policy organizations to strengthen the local news landscape.
Why It's Important?
The decline of local news outlets has raised concerns about the impact on informed citizenship and democracy. Press Forward's efforts to bolster local journalism are crucial for maintaining a well-informed public, which is essential for effective civic engagement and accountability. By providing financial support and advocating for policy changes, the coalition is helping to sustain and transform local news organizations. This initiative could serve as a model for other philanthropic efforts aimed at addressing systemic challenges in the media industry.
What's Next?
Press Forward plans to continue its funding and advocacy efforts, with a focus on diversifying revenue models for local news outlets. The coalition will likely expand its network of funders and explore new strategies to support the sustainability of local journalism. As the media landscape evolves, Press Forward's initiatives may influence broader discussions on the role of philanthropy in supporting public goods like journalism. The coalition's impact report, expected soon, will provide further insights into its achievements and future plans.
