American Journalism Project (AJP)
- American Journalism Project (AJP)
Market forces are failing local news, and as a result our democracy is at risk. The mission of the American Journalism Project is grounded in our understanding of the severity, urgency, and scope of the crisis at hand.
At the center of this storm is the economic crisis faced by newspapers, which have lost roughly half their revenue since the Great Recession. There is no American industry of such combined size and civic importance that has endured such an economically devastating decade.
With support from Knight Foundation, Emerson Collective, Arnold Ventures, Craig Newmark Philanthropies and the Facebook Journalism Project, the American Journalism Project is a new effort to reinvigorate local news through the power of venture philanthropy. It was co-founded by local news entrepreneurs — Elizabeth Green (Chalkbeat) and John Thornton (Texas Tribune) — to capitalize on the lessons they have learned and convictions they have developed over the past decade.
In other social sectors, philanthropists have used venture philanthropy to create new ecosystems of strong, sustainable, and scaled organizations that fill gaps left by the market. The American Journalism Project is the first venture philanthropy firm with a mission of building an ecosystem of “social enterprises” for news.