Chi-Town Daily News publisher to launch for-profit news site

Chi-Town Daily News
“We’ve concluded that, as a nonprofit, we cannot raise the money we need to build a truly robust local news organization that provides comprehensive local coverage,” writes founder Geoff Dougherty. “After much soul-searching, we’ve decided to turn our efforts toward a business model that will support the kind of vibrant public affairs coverage that Chicago deserves.” Chi-Town Daily News received a $95,000 Knight Foundation grant last November.
> Dougherty expects laid-off staffers to eventually resume their jobs
> Earlier: Sites like Chi-Town Daily News find opportunities when papers go bankrupt

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