sJTM2007 participant Arthur S. Hayes of Fordham University (firstname.lastname@example.org) has run across an essay published more than 90 years ago that proposes newspapers should be owned by foundations in order to mitigate the pressures of investor ownership. Victo Yarros wrotein 1916:
We have various "foundations" for education, for research, for progressive philanthropy, for certain social and industrial reforms. They are indispensable. We know that higher arts, the higher music, could not exist without liberal endowment. Is it not sufficiently clear that sound, clean, and dignified journalism cannot hope to take root, to establish itself in modern cities, without at least temporary endowment . . . . "
Excerpted from: "A Neglected Opportunity and Duty in Journalism," by Victo
S. Yarros, The American Journal of Sociology, Vol. 22, No. 2. (Sept., > 1916), pp. 203-211.
LINK TO FULL ARTICLE: http://www.mediagiraffe.org/pdf/endowed.pdf
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