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By Tadashi Ushiroda
 
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10:35AM

Crowdfunded journalism?

The trend of people having reduced trust in major media companies necessitates a new channel to get news that is objective, timely, and controlled by readers instead of dictated by institutional interests. 

Imagine a kickstarter like platform where instead of crowdfunding for iPad cases, you invest in an issue that you want to have investigated. Journalists would first submit an issue, their credentials, and the price to investigate and investors can choose which issue or story they would like to have investigated by making an investment in the story. Stories that reach their funding requirements will allow the journalists to access the funds and start investigating!

Imagine a kickstarter like platform where instead of crowdfunding for iPad cases, you invest in an issue that you want to have investigated. Journalists would first submit an issue, their credentials, and the price to investigate and investors can choose which issue or story they would like to have investigated by making an investment in the story. Stories that reach their funding requirements will allow the journalists to access the funds and start investigating!

The trend of people having reduced trust in major media companies necessitates a new channel to get news that is objective, timely, and controlled by readers instead of dictated by institutional interests. 

 

Investors could have access to a exclusive page for the specific story being investigated where they can review drafts of a story, have access to related material like recorded interview and unpublished photos, and have direct access to the journalist. Investors would be able to rate the quality of the investigation after the story have been written which will provide vital feedback to the journalists.

The revenue model will be a hybird model of advertising and fees. There will be a percentage based fee that will cap out at a certain dollar amount. Investors will have two weeks exclusive access to a completed story at which point the story will be published on the website.

Thoughts?

 

 

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