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"Two years in the making, this report unfolds regional perspectives of new forms of funding, financing and investment for public interest media. It provides a multistakeholder reflection in four regions of the world on how public interest media can best be supported over the next decade. Through con ... more

"The main finding of this study is that digital media entrepreneurs are deeply transforming the way that journalism is conducted and consumed in Latin America. They are not just producing news — they are generators of change, promoting better laws, defending human rights, exposing corruption, and ... fighting abuses of power. They are driven to produce independent news in countries that are highly politically polarized — and some of them are paying a high price for it [...] Nearly half the journalists interviewed for this study reported threats and physical attacks in response to their coverage. More than 20% of the founders and directors we interviewed admitted that they avoided covering certain topics, people, and institutions because of threats and intimidation. Others face punitive lawsuits, cyber-attacks, never-ending audits, and the loss of advertising revenues in retaliation for their coverage. Digital natives in Latin America have an even more important role to play than their counterparts in the over-saturated media markets of the developed world. News ownership is highly concentrated in these countries, and government advertising is frequently used to reward compliant media outlets. Even in the face of these legal, financial, and physical threats, entrepreneurial journalists are building sustainable businesses around quality journalism. The advent of social media and easy-to-use web design tools has made it possible to launch a digital media venture almost entirely on sweat equity. More than 70% of the ventures in this study started with less than $10,000, and more than 10% of those now bring in at least a half million dollars a year in revenues. After analyzing data on traffic, finances, revenue sources, staffing, and years in business, we identified four distinct tiers of business development. Diversified revenue was key to success, especially in the mid tiers, and we found more than 15 distinct revenue sources, including events, training, membership, crowdfunding, and native advertising. More than 65% reported they were earning revenue in at least three ways. In the top tier, where audiences reach more than 20 million visits per month, advertising is the top revenue source, but not the only one. In the mid ranges, there is no dominant business model and diversified revenue sources that combine advertising with audience-driven sources, such as events and crowdfunding, are crucial for sustainability. When we analyzed the lower tiers, we found lots of opportunities for improvement. Despite their dedication to quality journalism, more than 30% brought in less than $10,000 in total revenues in 2016. Broadly speaking, we found two paths to growing these businesses: building audience to drive traffic and advertising, or leveraging the loyalty of the audience to inspire micro-donations and the 15 other ways they are making money." (Executive summary, pages 6-8) more

Global Project Oasis: A study of the impact, innovation, threats, and sustainability of digital native media in more than 65 countries

Where is the money? A global perspective on forms of funding, financing and investment for public interest media
Top Insights

Inflection Point: Impact, Threats, and Sustainability. A Study of Latin American Digital Media Entrepreneurs
Inspiring Practice

Global Project Oasis: A study of the impact, innovation, threats, and sustainability of digital native media in more than 65 countries

Where is the money? A global perspective on forms of funding, financing and investment for public interest media Top Insights

Inflection Point: Impact, Threats, and Sustainability. A Study of Latin American Digital Media Entrepreneurs Inspiring Practice

Where is the money? A global perspective on forms of funding, financing and investment for public interest media
Top Insights

Inflection Point: Impact, Threats, and Sustainability. A Study of Latin American Digital Media Entrepreneurs
Inspiring Practice