Crowd Funded Journalism

“From Kickstarter’s April 2009 launch through the end of the year, 17 journalism projects received funding. That number more than tripled just a year later, to 64 projects in 2010. Growth continued, reaching 168 funded projects in 2014 and 173 in the first nine months of 2015.2

The amount of money put into these projects grew as well, from $49,256 in 2009 and $263,352 in 2010 to $1,743,668 in the first nine months of 2015.

Equally striking is the upward trend in the number of people contributing financially to these journalism projects – rising from 792 in 2009 to 25,651 in 2015.”

Still most money is:
“Overall, the journalism projects produced and revenue gained from these crowdfunded ventures is still a drop in the bucket compared with the original reporting output that occurs on any given day and the roughly $20 billion in revenue generated by newspaper ads alone. Kickstarter-fueled support for journalism also trails two funding sources that have attracted a fair amount of attention in the journalism world in recent years – philanthropy and venture capital, which Pew Research Center estimated to be in the hundreds of millions in 2013 alone”.

So this is a better plan, pay the readers advertising money directly:

News companies are trying to figure out how to make money. Niflheim Media has a new model called The Penny Blogs. Basically we pay readers to read our content. 1 view equals one cent. A comment or share is 2 cents. Niflheim Media also makes money buy telling companies or organization’s stories for a fee. The amount of money the company pays us to tell the story is disclosed at the beginning. This plan needs investment to get started.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.