The Associated Press Launches The AP Fund for Journalism

SOURCE www.axios.com
The Associated Press is launching a new independent organization, The AP Fund for Journalism, to raise $100 million and expand state and local news. The new group aims to support local news efforts through philanthropic funds.

Key Points

  • AP Fund for Journalism aims to raise $100 million
  • Supports local journalism efforts and other organizations aiding local newsrooms
  • Reflects a trend of journalism nonprofits turning to philanthropy
  • AP relies on a strong local news ecosystem for its member organizations

Pros

  • Expanding state and local news coverage
  • Supporting local newsrooms financially
  • Boosting journalism efforts ahead of the 2024 election

Cons

  • Dependence on philanthropic funding
  • Financial constraints on many local newsrooms