{"id":216535,"date":"2022-09-19T11:28:20","date_gmt":"2022-09-19T15:28:20","guid":{"rendered":"https:\/\/www.lionpublishers.com\/?p=216535"},"modified":"2022-09-19T16:03:03","modified_gmt":"2022-09-19T20:03:03","slug":"knight-foundation-awards-2-85-million-to-lion-publishers","status":"publish","type":"post","link":"https:\/\/www.lionpublishers.com\/knight-foundation-awards-2-85-million-to-lion-publishers\/","title":{"rendered":"Knight Foundation awards $2.85 million to LION Publishers"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/knightfoundation.org\/\">John S. and James L. Knight Foundation<\/a> has awarded a $2.85 million, three-year grant to LION Publishers, <a href=\"https:\/\/knightfoundation.org\/press\/releases\/knight-foundation-announces-investment-in-growing-local-news-support-networks-publishers-of-color\/\" target=\"_blank\" rel=\"noreferrer noopener\">the foundation announced today<\/a>.<\/p>\n\n\n\n<p>The commitment will fund (among other things) 200 more of LION&#8217;s Sustainability Audits to help independent publishers build stronger small businesses and establish industry benchmarks and milestones that will help other local news entrepreneurs on their journey.\u00a0<\/p>\n\n\n\n<p>LION has performed more than 125 Sustainability Audits since 2021, and 98 percent of surveyed respondents reported a positive impact on their business\u2019s sustainability.<\/p>\n\n\n\n<p><strong>Here\u2019s <\/strong><a href=\"https:\/\/www.lionpublishers.com\/25-news-businesses-selected-for-third-cycle-of-lion-gni-sustainability-program\/\"><strong>what publishers have said about our Sustainability Audits<\/strong><\/a> <strong>and the personalized recommendations they received from their audit analyst:<\/strong><\/p>\n\n\n\n<ul><li>\u201cI have already begun acting on some of the recommendations and in quite literally one day attracted more monthly supporters than I have any other day in the existence of our publication. I found this process incredibly helpful as I often don\u2019t have the time or mental space to step back and view my organization strategically and long-term.\u201d \u2014 Ryan Sorrell, <a href=\"https:\/\/kansascitydefender.com\/\">The Kansas City Defender<\/a><\/li><\/ul>\n\n\n\n<ul><li>\u201cHaving an outside set of eyes on my company was incredibly valuable and provided some new ideas for me to weigh and implement.\u201d \u2014 Tom Lappas, <a href=\"https:\/\/www.henricocitizen.com\/\">The Henrico Citizen<\/a><\/li><\/ul>\n\n\n\n<ul><li>\u201cOur auditor was extremely engaged, and her report, filled with actionable and specific ideas, will drive our work for at least the next 3 years.\u201d \u2014 Emily Sachar, <a href=\"https:\/\/www.thedailycatch.org\/\">The Red Hook Daily Catch<\/a><\/li><\/ul>\n\n\n\n<p>LION Publishers supports more than 425 independent news publishers, for-profit and nonprofit, across the U.S. and Canada, and runs programs that offer online courses, small business coaching, peer learning and direct funding.&nbsp;<\/p>\n\n\n\n<p>A recent LION survey found that member publishers achieved <a href=\"https:\/\/www.lionpublishers.com\/median-annual-revenue-increased-33-for-lion-members-data-shows\/#:~:text=News%20businesses%20that%20are%20members,revenue%20of%20%2494%2C000%20in%202020.\">a median 33% revenue increase in 2021<\/a> vs. the previous year.&nbsp;<\/p>\n\n\n\n<p>\u201cWhile a lot of people hear about how local news is dying, we hear a different story from our members,\u201d said Chris Krewson, Executive Director of LION Publishers. \u201cWe see the field actually growing, with digital, diverse, community-focused local media on the rise. It is the present, not just the future. By serving these small, distributed, locally operated news entrepreneurs, we are helping create a more robust system to address and prevent news deserts.<\/p>\n\n\n\n<p>\u201cThis grant sets a foundation to help hundreds more independent news businesses on the road to sustainability, and will help us create resources for hundreds more.\u201d<\/p>\n\n\n\n<p>LION\u2019s mission is to provide teaching, resources and community to independent news entrepreneurs as they build and develop sustainable businesses.&nbsp;<\/p>\n\n\n\n<p>In addition to <a href=\"https:\/\/www.lionpublishers.com\/announcing-the-lion-gni-sustainability-audits-and-funding-program\/\">expanding access to our Sustainability Audits program<\/a> in partnership with the Google News Initiative, our accomplishments this year include:<\/p>\n\n\n\n<ul><li>Designing and leading <a href=\"https:\/\/www.lionpublishers.com\/gni-and-lion-partner-to-deliver-three-2022-startups-labs-for-independent-news-publishers\/\">three GNI Startups Lab programs<\/a> in areas of need for our members \u2013 managing money and risk, building and managing a team, and planning for revenue growth \u2013 in partnership with the Google News Initiative.<\/li><\/ul>\n\n\n\n<ul><li>Launching a second season of <a href=\"https:\/\/anchor.fm\/lion-publishers\">our News Guest podcast<\/a> and <a href=\"https:\/\/www.lionpublishers.com\/introducing-a-small-business-newsletter-for-digital-news-publishers\/\">redesigning our industry newsletter<\/a> to better serve independent publishers and other news business leaders.&nbsp;<\/li><\/ul>\n\n\n\n<ul><li>Planning and producing <a href=\"https:\/\/www.sustainabilitysummit.news\/\">the first-ever Independent News Sustainability Summit<\/a> with our partners at News Revenue Hub and RevLab at The Texas Tribune.&nbsp;<\/li><\/ul>\n\n\n\n<ul><li>Creating new categories for the <a href=\"https:\/\/www.sustainabilitysummit.news\/awards\">LION Local Journalism Awards<\/a> that reflect our holistic approach to <a href=\"https:\/\/www.lionpublishers.com\/what-does-it-mean-to-be-a-sustainable-news-business\/\">news business sustainability<\/a>.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p>This investment from Knight Foundation, part of a $9 million in support for the sector, also supports the Institute for Nonprofit News (INN) and the Center for Community Media at CUNY, bolstering local news support networks that are helping grow a cohort of hundreds of publishers as they aim for stronger financial sustainability.<\/p>\n\n\n\n<p>The investment aligns with Knight\u2019s strategy to support informed communities through high-quality local journalism, reaching diverse audiences and generating sustainable revenue models. Plus, it advances Knight\u2019s aim to boost the power of networks in local news and build infrastructure for business success in the long term.<\/p>\n\n\n\n<p>\u201cThese are networks of independent local news providers, outlets that are family-owned or run by community-minded journalism entrepreneurs,\u201d said Karen Rundlet, Journalism Director at Knight. \u201cThese organizations inform local audiences, Black, immigrant, and rural communities. Knight\u2019s funding will support programs to make their businesses stronger so they have a real shot at longevity.\u201d<\/p>\n\n\n\n<p><strong>Learn more about LION Publishers and how we support independent publishers by subscribing to <\/strong><a href=\"https:\/\/lionpublishers.us8.list-manage.com\/subscribe?u=31fb0ac82cb4a8d09fdeccf51&amp;id=c13072eb57\"><strong>our industry newsletter<\/strong><\/a><strong>.&nbsp;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The renewal provides for hundreds more Sustainability Audits, plus online courses, coaching, peer learning and program-specific funding.<\/p>\n","protected":false},"author":678,"featured_media":216221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[141,2],"tags":[1591],"coauthors":[182],"featured_image_urls":{"full":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17.png",1200,630,false],"thumbnail":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17-150x150.png",150,150,true],"medium":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17-300x158.png",300,158,true],"medium_large":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17-768x403.png",768,403,true],"large":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17-1024x538.png",1024,538,true],"1536x1536":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17.png",1200,630,false],"2048x2048":["https:\/\/www.lionpublishers.com\/wp-content\/uploads\/2022\/05\/News-Guest-images-17.png",1200,630,false]},"post_excerpt_stackable":"<p>The renewal provides for hundreds more Sustainability Audits, plus online courses, coaching, peer learning and program-specific funding.<\/p>\n","category_list":"<a href=\"https:\/\/www.lionpublishers.com\/category\/news\/announcements\/\" rel=\"category tag\">Announcements<\/a>, <a href=\"https:\/\/www.lionpublishers.com\/category\/news\/\" rel=\"category tag\">News<\/a>","author_info":{"name":"LION Publishers","url":"https:\/\/www.lionpublishers.com\/author\/opslionpublishers-com\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Knight Foundation awards $2.85 million to LION Publishers<\/title>\n<meta name=\"description\" content=\"The renewal provides for hundreds more Sustainability Audits, plus online courses, coaching, peer learning and program-specific funding.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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