Saturday, June 27, 2009
Laid-off editors and reporters from Puerto Rico newspaper start a new one as nonprofit employee cooperative
A group of reporters, editors, and other union members in Puerto Rico have started a newspaper organized as a nonprofit employee cooperative. They started this paper, called the Daily Sun, after their former employer the San Juan Daily Star closed last summer after almost 50 years. Reports the Miami Herald: "With its break-even economic model and a mission no greater than to employ people, its managers say Puerto Rico's newest media venture may have discovered a business strategy to keep newspaper journalism alive: no profits."