Ten Black-owned media organizations have joined forces with the Local Media Association (LMA) to launch the Fund for Black Journalism, an initiative to reimagine and support the Black press. The campaign can be found at givebutter.com/journalismfundblacknewspapers. The goal is to raise $25 million over the course of three years. At press time, it has raised $112,175.
These funds will be invested in shared services, technology, staff investment and Black news entrepreneurship. News outlets will be able to access resources like researchers that will be hired with the fund, and they will also receive stipends on a regular basis.