Friday, August 04, 2006

Gates gets into media, even if community foundations don't

I wrote recently about the opportunities for community foundations and community newspapers to work together. I haven't heard much from community foundations on this, but the Gates Foundation just bought in as an investor to help a consortium buy four papers from the McClatchy newspaper chain.

I didn't intend this advice for large family foundations (though I'm not necessarily opposed to it) but it still makes sense to me that community media and community foundations would find ways to partner and/or invest in each other.

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