socialmedian: Nonprofit Texas Tribune Launches With Budget Covered For Two Years

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Nonprofit Texas Tribune Launches With Budget Covered For Two Years

Source: paidContent.org

Nov 03, 2009

Summary

Monday evening as the Texas Tribune raced toward its launch this morning (some elements aren’t live yet), Editor-in-Chief Evan Smith took me through the new nonprofit journalism site—news stories, databases, blogs, a combined Twitter feed for every elected politician in Texas, the start of a Texas politics wiki. Unlike some of the new crop of local and regional news startups, the Tribune is launching with enough money for a well-paid staff of 16, including 11 reporters. (Smith alone makes $315,000; more on that below.) The vision for a nonprofit covering Texas politics, public policy and government started with John Thornton, a general partner of Austin Ventures who wanted to to put money and energy into journalism for the public good. He and his wife seeded the venture with $1 million; another $1.6 million has come in from individual donors and corporations (all identified on the site) plus $1.1 million from foundations. Not that this pace can keep up, but on the last day before launch the Tribune took in $

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