A large pile of cash is now sidling up to all the chatter. In an initiative announced this month, 22 donor organizations, including the Knight Foundation and the John D. and Catherine T. MacArthur Foundation, are teaming up to provide more than $500 million to boost local news over five years — an undertaking called Press Forward. Journalists and publishers on the local scene in markets across the country have worked nonstop to bring their neighbors important stories and experiment with ways of paying for the service. The injection of more than a half-billion dollars is sure to help the quest for a durable and replicable business model.
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