Banyan Project planning its first community-owned news co-op

Ownership matters. It matters in New Orleans, where Advance Publications Loading... is cutting The Times-Picayune Loading... ’s print edition from seven days a week to three — and gutting the staff — despite earning a profit and paying bonuses in 2010 and 2011. It matters in Chicago, where Tribune Company — which may soon emerge from bankruptcy — got rid of its hyperlocal reporters at the Chicago Tribune and...
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Summary

It matters in New Orleans, where Advance Publications is cutting The Times-Picayune’s print edition from seven days a week to three — and gutting the staff — despite earning a profit and paying bonuses in 2010 and 2011.

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