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.
During a workshop offered by the Knight Foundation at ISOJ 2022, LION Publishers, Revenue Lab by Texas Tribune and Newspack spoke about how they are providing new and legacy newsrooms with different types of resources to have a more efficient and fulfilling road to sustainability.
The media accelerator Fondo Velocidad supported, trained and financed improvements to ten digital media outlets in nine Latin American countries. Thanks to the program, the ten participating media outlets achieved a total income of more than 5 million dollars in the last two years.
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.