3 out of 10 journalism startups don’t have a business plan

Renaissance Journalism Center
A survey of people leading journalism startups finds that “the typical management team is top-heavy with journalists … Nevertheless, the respondents said that journalists can make good business people. More than 86% said journalists can adapt and apply the discipline of business to an online venture.” Having relied on grants to get off the ground, most of the respondents said they’re having trouble getting further funding and need help figuring out how to become sustainable. || Related: New Knight study identifies 3 surprising keys to nonprofit news business success (Poynter.org) | Tom McGeveran: “What tends to be forgotten in all the praise for the philanthropic model is that big handouts can come with a price.” (CJR)