How Much Would It Take to Endow Nonprofit Journalism?
In their analysis of what ails the journalism business (CJR.org, 10/19/09), Leonard Downie, Jr., and Michael Schudson seem to pooh-pooh the idea that newspapers could be turned into non-profits funded by endowments, “as though they were museums.” “It would take an endowment of billions of dollars to produce enough investment income to run a single […]


