L3C: New Type of Company Might be Good Fit for Journalism

Money!
News organizations might benefit from new ways to handle money. (Image by Tracy O via Flickr)

Fundamentally, journalism is a community service. That mission, and the values associated with it, typically are what make journalists passionate about journalism — and also often wary of the business side of news (advertising, market research, etc.). And as smart as most journalists are, most of them also don’t really seem to have the mindset or skills to manage the business side of a news operation.

So why not figure out a new way to conduct the business of news? Especially, new ways to handle the money?

Last Friday, at the Journalism Innovations II conference (held at the University of San Francisco), I learned about an interesting effort to create a new kind of business structure that could provide a way to support journalism and news.

In the morning plenary, Hollie Kernan (news director of San Francisco public radio KALW-FM) mentioned that she’s been taking a close look at the Low-Profit Limited Liability Company (L3C) model proposed by Robert Lang, CEO of the Mary Elizabeth and Gordon B. Mannweiler Foundation…

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Skype: Why you should at least learn to use it

Recently, like many people, I ditched my landline (which I rarely used, and the most basic service I could get still cost me about $35/month). Now my cell phone is my only telephone.

This is a better deal for me, since generally I don’t talk on the phone much — except last month. I was working on a magazine feature story that required many interviews. And also, since I got known as a source on the role of Twitter in covering the Mumbai terrorist attacks, I was called by several reporters (including ABCnews.com) to give interviews on that topic.

Last night I got my cell phone bill. It was about $70 more than I expected — because I’d exceeded my allotted minutes. Ouch.

That’s the trouble with being in the media business, and many other fields: You can’t always control how much time you’ll have to spend on the phone in a given month. Which means you can’t always control the number or timing of the minutes you’ll use. Which is why cell-only folks need other options for making and taking calls that allow you to control costs.

Enter Skype…

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