Since the Knight x LMA BloomLab launched in Spring 2022, the focus has been on leveraging technology to grow revenue and audience, leading to long-term sustainability. In its recent impact report, the lab reported a growth of 133% in digital revenue after one year for Cohort 1, along with overall revenue growth of 21%. Last fall, eight more outlets joined the lab as Cohort 2, and their numbers are trending in a similar direction through nine months.
Local Media Foundation is excited to announce the launch of Cohort 3, consisting of eight Black-owned local news organizations:
- Denver Urban Spectrum
- Flint Beat (Michigan)
- Indianapolis Recorder
- LA Focus
- Minnesota Spokesman-Recorder
- Our Weekly (Los Angeles)
- Bay State Banner (Boston)
- The Times Weekly (Joliet, Illinois)
Read more at Localmedia.org