2muchcoffeeman
Well-Known Member
From Poynter:
Another newspaper flips to nonprofit - Poynter
The Denton Record-Chronicle announced Tuesday that it is being acquired by KERA public media in Dallas, 40 miles to its south. The tentative deal resembles a much bigger one from earlier this year when WBEZ in Chicago acquired the Chicago Sun-Times, turning the Sun-Times into a nonprofit in the process.
Publisher and owner Bill Patterson said the transaction should ensure the Record-Chronicle's future, reducing operating expenses as functions are absorbed by KERA. "This arrangement gives us the opportunity and the ability to preserve local journalism for the people of Denton County," Patterson said. The Record-Chronicle has simultaneously been winding down its print product in favor of a digital report.
Publisher and owner Bill Patterson said the transaction should ensure the Record-Chronicle's future, reducing operating expenses as functions are absorbed by KERA. "This arrangement gives us the opportunity and the ability to preserve local journalism for the people of Denton County," Patterson said. The Record-Chronicle has simultaneously been winding down its print product in favor of a digital report.
Another newspaper flips to nonprofit - Poynter