From love to money: Can philanthropy ever foster social transformation

This chapter addresses the crisis in the modern media industry, arguing that high-quality news is a public good essential for well-functioning democracies, yet it is currently under-provided. It explores why this public good is under-consumed and discusses solutions for long-term financing and capitalization of news media while preserving independence. The author proposes a new "non-profit media organization" (NMO) model that leverages digital technologies to remove direct links between philanthropists and the media they fund, ensuring journalistic integrity.