Investigative news outlets Revista Espejo and Red Es Poder, located in Mexico's high-crime states, have produced journalistic content for businesses and paid coverage of events as alternative sources of income. This has helped compensate for a lack of advertising resulting from brands' fear of advertising in news outlets that cover insecurity or corruption.
Just over a year after being founded by a group of 30 Brazilian news organizations, the Digital Journalism Association (Ajor) recently surpassed the 100-member mark, an achievement for the entity dedicated to strengthening digital journalism in Brazil. The growth of the association highlights the diversity of the sector in the country, which Ajor intends to help be recognized also for its economic importance.
The diversification of funding sources and the active participation of the State are fundamental elements to guarantee the economic viability of news outlets. Specialists gathered during a panel at the International Congress of the Brazilian Association of Investigative Journalism (Abraji, by its Portuguese acronym) defended a change of paradigm in favor of a diversification of sources of income.
In 2022, the two oldest cooperatives of Brazilian journalists still in operation will reach 15 years of uninterrupted activity: Tribuna Independente and Portal Desacato. These achievements, worthy of celebration, happen through a daily dose of resilience and the financial effort of journalists who found in managing themselves a solution to survive in the market.
The second most popular social network for journalism consumption in Brazil, WhatsApp has become the focus of the distribution strategy of digital native news outlets in Brazil. They see an opportunity to establish a direct connection with the public, without depending on the algorithm of other platforms.
Representatives from the Sahan Journal and the Chicago Sun-Times shared at ISOJ how their outlets have applied the nonprofit model to deliver quality journalism, while the Venetoulis Institute for Local Journalism and the Houston Endowment shared why they are funding local journalism initiatives.
April Brumley Hingle, director of financial resources at The Texas Tribune, and Janine Warner, co-founder of SembraMedia, were the guests of ISOJ 2022 for a conversation about subscriptions, events, products, and tips on how to diversify revenue from news outlets.
Headline news startup intends to transfer up to 70% of its total revenue — through subscriptions and content licensing — to journalists and independent organizations present on the platform.
On average, one media outlet was discontinued per month in Brazil this past year. Altogether, 12 outlets ended their journeys in the country's press throughout 2021, according to a survey carried out by Portal Comunique-se.
According to the study by SembraMedia, in 2019, grants surpassed all other sources of financing and came to represent 29 percent of revenue from these media in the region. And, in 2020, they reached 37 percent.