Thursday, September 24, 2009

Hellman and partners to launch Bay Area newsroom

San Francisco financier Warren Hellman – in partnership with KQED, the UC Berkeley School of Journalism, and perhaps even the New York Times – is about to launch a nonprofit, locally focused, online news organization with a medium-sized newsroom of full-time journalists, Hellman has confirmed to the Guardian.

Hellman says he will provide $5 million in seed money for the Bay Area News Project, which is about half the annual budget for a projected staff of about two-dozen journalists, and he expects to get foundation funding and perhaps even government grants for the rest. They are currently interviewing for a managing editor, which they hope to hire in the next month or so, and expect to go live sometime next year.

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