Econ prof suggests new hybrid foundation/joint-stock structure for media orgs

The type of nonprofit media organization I am proposing combines the virtues of different legal types. It enjoys the advantages of a foundation (stability of financing and ability to focus on information as a public good rather than on profit maximization at the expense of quality) and those of a joint-stock company (diversified ownership, replenishment of leadership ranks, and democratic decision-making, provided that the power of the largest shareholders is appropriately limited). The NMO [non-profit media organization] I am proposing is a hybrid model. It is inspired in part by the model of the great international universities, which combine commercial and noncommercial activities.

Read the full piece at Nieman Reports
From newsplexer.com

Advertisements