Sunday, October 12, 2008
Non-profit uncertainty
I think the impact of the global financial crisis will be felt more adversely at a news organization such as MinnPost, than at others like the Star Tribune(despite their already apparent financial problems.) I think that this is due to their non-profit business model, running partly on donations. More people are tightening their belts and spending less. This means less money for a business already running lean. This could go beyond staff cuts at MinnPost – I think it could threaten their ability to exist. An NPR article that speaks to this issue can be found here: http://www.npr.org/templates/story/story.php?storyId=95222990
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These events in our history tend to shape the future by creating a shakeout--an evolution of sorts in which the strong and well managed survive, while the weaker are forced to innovate and streamline or parish. It may not be fair, but it seems to be the way of things. This is also means its time for supporters of the mediums they love to pony-up even in the face of uncertainty. Your post is a welcome wake-up call.
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