"Starting in February 2025, we set out to identify and examine success stories among local news groups, where success was sustainability in business operations, even if that term has a range of interpretations. We reasoned that the experiences of these successful organizations might carry predictive ... lessons for the larger field. As we wrote this report, we kept two groups of readers uppermost in mind: first, publishers at emerging news organizations who are looking to bring their operations to some level of financial sustainability and, second, funders who are making investments in those news organizations. We hope our work will build on the existing literature that is already in place and provide these two groups of readers additional detail and fresh perspective on the financial elements surfacing for some emerging local news organizations." (The purpose of this report, page 2) more

"This booklet is a starter guide for foundations interested in exploring how to make impactful journalism and community-information grants. It shares the experiences of dozens of foundations that have recently funded news and information projects. It also introduces the work of peer foundations that ... support journalism. It is published by Media Impact Funders, a network of media grantmakers." (Page 8) more