Nonprofit news outlets have proliferated, but it's too soon to dismiss profitable models for journalism

How can journalism survive? Perhaps the question would once have sounded unduly panicked, but it has only grown more pressing over the past twenty years. Between 2004 and 2019, newspapers lost an astonishing 77 percent of their jobs—more than any other industry on record, according to the Bureau of Labor Statistics. In early February, the industry suffered another historic blow, as the Washington Post announced it was laying off nearly half its staff. When even a legacy media outlet like the ...