
Marit Fagnastøl, Head of Communications at Sparebankstiftelsen DNB explains how in an era of rampant misinformation, Norway’s Amediastiftelsen showcases how foundation-owned media can safeguard independent journalism. By fostering editorial freedom, supporting local newspapers, and addressing challenges like engaging younger audiences, it offers a model for strengthening democracy through philanthropy.
In early 2024, Sparebankstiftelsen DNB (the Savings Bank Foundation DNB) allocated NOK 388.5 million to the Amedia Foundation to develop it as an independent, non-profit foundation that will support projects of significance for journalism, democracy and freedom of expression.
This significant grant builds on a decision made in 2016, when Sparebankstiftelsen DNB purchased Amedia, Norway’s largest local newspaper publisher, and established the Amediastiftelsen (the Amedia Foundation) as the owner of the group.
This somewhat unusual move by a non-profit foundation brings attention to the role of foundations in supporting editor-led media.
Why support local newspapers?
When Sparebankstiftelsen DNB purchased Amedia in 2016, the goal was to secure long-term, stable ownership for local newspapers that are vital to communities across Norway. Local newspapers play a critical role in keeping residents informed, supporting local culture, and fostering public debate.
For Sparebankstiftelsen DNB, these goals aligned well with their mission of strengthening local communities, especially initiatives supporting children and young people.
Local newspapers do more than report the news – they help shape the identity and cohesion of communities. By covering a broad range of local issues, they provide residents with a shared understanding of what’s happening in their area. This helps prevent siloed thinking and builds connections across different groups within a community.
As André Støylen, former CEO of Sparebankstiftelsen DNB, noted at the time of the Amedia purchase: “Local newspapers are essential to their communities, to democracy, culture, and organisational life. The goal of this acquisition is to help newspapers continue to develop for the benefit of their local environments.”
The decision to establish a foundation as the owner of Amedia, would enable the media group to operate with a long-term perspective, ensuring independence and editorial freedom.
It was, nevertheless, an unexpected move and a surprise that a non-profit foundation would acquire a media company.
Independent media in the age of misinformation
Editor-led journalism plays an essential role in countering misinformation. Research by The Norwegian Media Authority (Medietilsynet) in late 2023 found that 69% of respondents had encountered news stories online they suspected were false within the past six months. The majority of this content was found on social media.
In contrast, 51% of Norwegians view editor-led media to be credible and reliable sources of information, compared to only 8% for social media platforms. These findings highlight the importance of supporting journalism that adheres to clear editorial standards and accountability mechanisms.
In a time when misinformation can spread rapidly, editor-led media offer an essential counterbalance. By providing verified information, they help maintain public trust and enable citizens to make informed decisions as well as being an arena for the exchange of opinions.
Defining Amediastiftelsen’s priorities
With the recent funding from Sparebankstiftelsen DNB, the board of the Amedia Foundation has during the year defined its priorities. These include:
- Projects that promote the use of editorial media and reach new groups of media users. A key focus is to reach younger generations, who often use other sources for their news consumption.
- Support industry-wide initiatives and measures that promote knowledge-sharing and collaboration between editorial offices.
- Enhance competence in editorial offices and develop tools and knowledge that will strengthen journalism across the sector.
The first grant made by the foundation is an example of the latter and it went to the Center for Investigative Journalism (SUJO) to develop a “Democracy Database.” This searchable archive of political documents from municipalities and county councils will be accessible to journalists and the public, enabling greater transparency and accountability.
Challenges in reaching younger audiences
A significant challenge for the media industry is engaging young readers. While 78% of Norwegians read at least one newspaper daily, according to a recent Kantar survey, younger people are less likely to access traditional news sources.
Amediastiftelsen aims to address this by supporting projects that explore methods to reach young audiences. For instance, creating content by and for young people or make editorial content more accessible to young audiences.
This work is especially important given findings from a 2024 survey by the Norwegian Media Authority, which showed that 66% of 13 to 18-year-olds had come across news stories they suspected were false or inaccurate in the past six months. Teaching media literacy and making reliable news accessible to this group are critical steps in building trust and awareness.
The significance of foundation-owned media
The Amediastiftelsen model offers insights into how foundations can play a role in strengthening the media sector. By investing in journalism, they contribute to a more informed and resilient society.
Editor-led media remain a cornerstone of democratic societies, and their future should matter to all who value informed and engaged communities.
As the foundation continues its work, it will undoubtedly provide valuable lessons for others interested in the intersection of philanthropy and journalism.
Facts about Amediastiftelsen
- Sparebankstiftelsen DNB purchased the media group Amedia in 2016 and established Amediastiftelsen (the Amedia Foundation) to own the group
- The foundation supports media organisations, industry organisations and educational/research institutions, within and outside Norway
- Approximately NOK 30 million will be allocated in 2025
- André Støylen, the former CEO of Sparebankstiftelsen DNB, is now the general manager of the Amediastiftelsen

The rise of generative AI, particularly since the launch of ChatGPT in late 2022, has revolutionised journalism by making AI tools accessible to the general public, including journalists. However, it does not only reshape journalism workflows but also presents a critical opportunity for journalism funders to support innovation and ethical AI adoption, ensuring that newsrooms are equipped to navigate this transformation responsibly and effectively.
While earlier research focused on automated journalism, the mainstream adoption of generative AI has prompted fresh ethical debates and newsroom discussions about oversight and guidelines. However, many journalists have independently experimented with these tools, using them to simplify and enhance their work without compromising journalistic values.
Based on interviews with journalists in Singapore, an AI-forward global hub, generative AI has introduced a cultural shift, enabling journalists to adopt new technologies despite challenges like limited resources, ethical concerns, and structural misalignments. The findings propose a “value-motivated use” perspective, emphasising how AI can support good journalism without replacing its core principles. Journalists have a role as active participants in reshaping the field, offering insights for educators, scholars, and practitioners.
Journalists are increasingly integrating AI tools into their work, using them across various stages of news production. AI proves especially helpful in gathering information by suggesting potential answers, locating sources, and identifying trends. Tools such as ChatGPT allow journalists to quickly narrow down reliable information, which they verify through traditional methods like cross-checking with trusted sources. AI assists in generating interview questions and transcribing interviews, often improving accuracy over time through machine learning.
When it comes to writing and presenting news, journalists often use AI to create drafts of straightforward stories, based on press releases or weather announcements, among others, and to simplify or translate complex ideas. Applications like Hemingway Editor refine text by improving clarity and conciseness. AI also helps generate headlines and summaries tailored for online engagement, though journalists generally edit these outputs to ensure quality and alignment with their style. Beyond text, AI supports creating visuals and coding assistance, offering suggestions for graphics or blocks of code to speed up production. However, journalists maintain creative control, ensuring AI-generated content aligns with their editorial vision.
AI is also employed in editing by identifying gaps or biases in stories, helping reporters consider perspectives that might otherwise be overlooked, and checking facts. It streamlines grammar corrections and word count adjustments, although the final phase of editing is always done by humans. In news promotion, AI helps locate related articles for cross-promotion and generates social media captions, though these often require further human refinement to match professional standards.
While AI boosts efficiency and productivity, journalists remain cautious about its limitations. Many stress the importance of verifying AI output, as it can omit key information, hallucinate false facts, or present biased perspectives. The opacity of AI processes, such as the sources it relies on, adds to this scepticism. Journalists also voice concerns about ethical considerations, such as whether AI compromises their integrity when contributing to their work. They believe human oversight is crucial to maintain the core values of journalism, including truthfulness, accuracy, transparency, balance, and integrity. Without this oversight, there is a risk of spreading misinformation or perpetuating harmful stereotypes.
Despite these reservations, journalists recognise AI’s potential to enhance their work when used responsibly. They emphasise that AI should complement, not replace, human decision-making and creativity. Ultimately, journalists prioritise their professional values when deciding how to integrate AI into their workflows.
Wu, S. (2024). Journalists as individual users of artificial intelligence: Examining journalists’ “value-motivated use” of ChatGPT and other AI tools within and without the newsroom. Journalism, 0(0). https://doi.org/10.1177/14648849241303047

Local journalism faces significant challenges around the world, resulting in the decline of newspapers in various regions, often referred to as “news deserts.” These areas suffer from a lack of reliable news sources, resulting in diminished access to important information that citizens need to participate actively in their communities.
This trend is also alarming for journalism funders, as local journalism plays a critical role in maintaining a well-informed public. With fewer reporters covering city councils, school boards, and local events, citizens are left with limited information about issues affecting their lives. This lack of coverage can create a vacuum of knowledge, undermining democratic processes at the local level.
There are several factors contributing to the rise of news deserts. The digital age has brought about immense changes in how people consume news, with many turning to social media and online platforms for information. Traditional newspapers have struggled to adapt to this new environment, leading to declining subscriptions and advertising revenue. Furthermore, the consolidation of media ownership has resulted in fewer local voices and a focus on profit over community service. As large corporations buy up local papers, they often slash staff and resources, further weakening local journalism’s capacity to serve its community.
Depopulation is another significant factor. As younger generations move to urban centres seeking better opportunities, remaining populations often consist of older residents who may have different news consumption habits or limited access to digital media. This demographic shift creates a cycle where diminished local engagement leads to reduced journalistic coverage, which in turn accelerates depopulation, as residents feel less connected and informed about their communities.
The Castile-La Mancha region in Spain serves as an example of how depopulation can lead to news deserts, as it has seen significant population decline, and with it, the local media landscape has dramatically changed. Fewer people means less advertising revenue, which newspapers rely on, ultimately resulting in cuts to staff and resources. Like many areas suffering from similar trends, Castile-La Mancha faces a decline, not just in quantity, but also in the quality of news coverage.
Local media distribution mirrors the region’s polycentric demographic patterns, with outlets clustered in urban centres while rural zones remain underserved. Demographic indicators such as low population density, aging communities, and the absence of younger populations strongly correlate with the lack of media presence, while factors like business activity or income levels show limited influence.
Public services in depopulated areas, such as healthcare and education, remain relatively intact due to public efforts. However, media access heavily relies on private investment, as third-sector media remain underdeveloped. Future research should explore the potential of municipal broadcasters and public communication policies in these regions. Distance and territorial structure further exacerbate media absence, with logistical and administrative barriers isolating peripheral zones.
The complex relationship between depopulation and media absence suggests the need for further exploration, including how media might attract or retain populations. Local journalism’s ability to fulfil grassroots values is critical, alongside the role of civil society and social media in filling informational voids. Emphasising community resilience may offer new perspectives on addressing these challenges.
Saiz-Echezarreta, V., Galletero-Campos, B., & Arias Molinares, D. (2024). From news deserts to news resilience: Analysis of media in depopulated areas. Journalism, 25(12), 2641-2660. https://doi.org/10.1177/14648849231218818

Václav Muchna, Co-Founder and CEO of Y Soft, and Board Member of the Czech Endowment Fund for Independent Journalism, highlights the importance of supporting democracy through independent journalism, shares insights into the Fund’s operation, and emphasises the need for transparency among donors while cautioning against grant dependency.
What was the main reason behind creating the Endowment Fund for Independent Journalism?
Václav: It was started by a group of philanthropists who shared a view that our country, the Czech Republic, requires strong democracy for our businesses to thrive. And we have seen in surrounding countries, especially in the post-Soviet bloc, that democracy is under attack by various groups of people, and we just thought we have to take care of our democracy. That democracy is not a given, we have to nurture it. We have launched a number of initiatives to support democracy in our country, and one of them was around protecting independent journalism as a watchdog, which we consider to be a critical ingredient for any democracy.
Another reason was what we called the “oligarchisation” of media. That was more than 10 years ago, when Western owners of Czech media started to pull back from their investments as new challenges arose: the rise of social networks and the way we consume information. Because the market is small, it was easier for them to pull back; and then very rich businesspeople who made their fortunes through privatisation, i.e. business typically connected with the state, captured these media so that they could impact and alter public meaning in areas important to them. Our democracy was challenged, missing independent and balanced information sources.
One of the co-founders had this statement: that without independent media, we do not know who we depend on. And thus, the fund has been created.
Is it open for new players to join?
Yes, absolutely. It is open. I have been with the fund for over 10 years or so. I am not a co-founder, but I’ve been here from a very early time. I serve on the Board of Directors currently, I am also one of the major donors, and I’m representing the donors on the board. It has always been open, and we have had a lot of new members recently. But we have also had a transition. In the past we did not require consent to transparently publish larger donors. This has changed. And of course there is an approval process, as we want to protect the fund from getting money from questionable sources. We only want to accept what we would consider really clean money. So it is not for absolutely everyone, but it is open.
How do you provide support to journalists and news organisations? Who is eligible for support?
We have five key areas of focus. The first one is, how do we limit the impact of media that are not trustworthy? Connected to that is, how do we improve education around how to consume media and news? That is one area. The next one we are focusing on is to keep investigative journalism on “life support,” because we see the trend that it is very expensive, and without external money it is almost not able to survive. We are also focusing on how we can help journalists to improve the quality of journalism in general. The fourth area is the regional media. We consider it one of the newest additions. Last, but not least, how to provide sustainable funding for independent media.
We work differently in these five different areas. So, for example, in the first one, how do we decrease or lower the impact of not so trustworthy media? We have products that map our media market, and we qualify media based on objective parameters, for example, whether they show who the owner is, do they mark their articles properly, do they mark advertorial articles properly, do they link sources, and so on. Based on that, we rate them, we publish that rating, and some other organisations take our rating, and for example, limit access for advertisements in the lowest graded media.
In investigative journalism, it is about subsidies or grants. They apply twice a year. In the quality of journalism field, we run a number of things, for example a journalist forum where we try to link journalists together so that they can exchange experiences. We also have some grants for solutions journalism, analytical and data journalism, and geopolitical threats. So we have three sub-areas here. We also have grants for young journalists who are starting up, or for women, because they have a much more difficult situation. We see that not many women return to journalism after maternity leave and we hope to address this.
In the sustainability field, we co-funded an organisation that collectively represents a number of small media, and they are selling their advertisement space. If they go ahead and sell individually, there is a challenge: for a significant player like a big company, the small media do not have enough impressions, so you would need to combine the campaign with other sources. Companies are not going to do that. So that is why there is this initiative, Courage Media. It is an agency that is also relatively new, and it sells advertising space for smaller media, because this would be considered sustainable, right? We do not want to develop dependency. I, for example, have very ambivalent feelings on grants, because on one hand you support them, on the other, you make them completely dependent on one organisation, and that is not very sustainable.
But we are looking into grants that are for sustainable development. These are not for content, like the previous grants I talked about. For example, an outlet wants to research its readership, or wants to improve its billing engine, something like that. Maybe it is self-sufficient but does not have resources to bring itself to the next level. That is where we would support them. We consider it sustainable. I always say, either you give them fish, or you teach them fishing.
So, do you support projects, and don’t provide core funding?
Correct. We are looking into investigative journalism, and there, we are looking into providing some core funding as well. But that would be an exception.
What is the most important lesson you have learned since creating the Fund?
From my standpoint, as a businessperson, not a media expert, it was about how we balance different actors and learn that journalism is not “one journalism.” There are publishers and there are journalists, and they are a completely different set of stakeholders with completely different agendas. Then you have media owners, you have their clients, and then you can even have some activist groups, you have governments and regulatory frameworks. So you have different stakeholders with different agendas and interests, and we have to understand the complexity of it.
In some areas we are supporting the journalists, in others the publishers. If you build your editorial system, that’s publisher support, if you give a grant to a specific journalistic project, that is supporting a journalist. How do you balance that? What are the needs across the industry? This would be the number one lesson for me.
What are the biggest challenges you have had to face so far?
The biggest challenge is that the Czech media market is super fragmented. We have a lot of small media outlets, and they have, from my point of view, a lot of emotions from the past, which prevents them from cooperating. And it is a small country, so the media market is small anyway. If you take a small market and you fragment that economically, it is just a disaster. You see that from a business standpoint, but that is not the way the journalists would feel about it, and they have their reasons. But this results in lower sustainability and impact, because if you are a small media house with a readership of ten thousand or twenty thousand, then your impact is very limited. Funding any grants for investigative projects or solutions journalism is also very questionable, because the effectiveness of your investment is very limited. We are incentivising them to reunite and build some bigger impact outlets, but it is a real challenge.
What do you consider your biggest success story?
Once again this will be my personal perspective, but it is building civic society. It is not related directly to journalism, but we have successes there. The Endowment Fund and some other activities help us build a community of donors, which today consists of more than thirty people. We are also looking into how we can go beyond these rich persons, and how we can actually build a community of people who really care about democracy and who are willing to fund it.
The reason why I consider this the biggest success story is because, if I look at surrounding countries in Eastern Europe, I can’t see a single country with such a strong civic society, and vehicles such as the Endowment Fund actually help build that community. Whenever you have any pressure on democracy, and we face them incrementally more and more, active civic society will be ever more important.
Then you obviously have all the support we’ve built into it. We helped to create some media, and we helped to sustain some other media, that’s all great. But number one would be building an active civic society, building a group of people who understand that they need to take care of democracy, and it will cost money and time.
You mentioned that you helped create media, do you also invest in organisations?
No, we don’t invest directly. If there is an opportunity, we would broker investors, we would give grants, but we don’t invest ourselves. We think that investing in certain media would have a dramatic impact on our independence. One of our missions is that we support media pluralism. We would lose that if we invest.
Do you have any special advice for organisations that have not funded journalism yet, but are thinking about doing so?
First of all, it is really good that you are even thinking about that. That’s important. Journalism is an important part of democracy. The second thing is: think through a strategy, because starting to give money away just for interesting projects is not going to make your segment resilient. Do it systematically and in a way that, if you look back in a year or two, you can articulate your impact, things that would not be there without you.
We have a lot of different stakeholders. Of course, from me, coming from business, you would expect an impact focused behaviour. For me, it is always a question whether what we are doing will strengthen or weaken democracy. I would also advise you to challenge your thought process, and think about how different your country would be, how democracy would suffer, if you were not there.
The last thing is how you do this sustainably. What would happen to organisations that you support if you cannot operate anymore? If you make organisations completely dependent on you, then you end up concentrating power. This is super dangerous in terms of independent journalism. You must be avoiding the concentration of power, you need to support plurality.

Media freedom in 2025 will be influenced by a combination of political, economic, technological, and regulatory factors. Key developments include Donald Trump’s inauguration, intensifying political and economic pressure on newsrooms, the outcome of the war in Ukraine, the development of new technologies – especially AI – and critical regulatory milestones like the EU’s Digital Services Act (DSA).
The Inauguration of Donald Trump
Donald Trump has been re-elected as President of the United States, and his contentious relationship with the press and potential policies to limit or discredit critical media could set the tone for global press freedom. His first term was marked by hostility towards the media, and in 2020 alone, over 600 attacks on journalists were registered. Trump has openly supported such violence, framing journalists as adversaries.
In his second term, Trump and his allies aim to further politicize federal institutions like the Department of Justice (DOJ) and the Federal Communications Commission (FCC). Plans allegedly include leak investigations, espionage charges against journalists, and potential reforms to libel laws to target critical reporting. The DOJ’s new regime may amplify prosecutions of journalists. Meanwhile, a Trump-led FCC could revoke broadcast licenses, consolidate conservative media ownership, and punish critical networks. Beyond legal and institutional threats, journalists face a chilling effect through self-censorship, as already shown before the election. The selection of the new director of Voice of America, a fierce Trump-ally who called journalists “monsters,” strengthens these fears.
One of the first executive orders signed after the inauguration also raises these fears: President Trump suspended all U.S. foreign assistance programs for 90 days, pending reviews of whether they align with the new administration policy goals. It is yet to be seen how it will impact journalism programs funded by the U.S. government.
Furthermore, Meta announced the discontinuation of its third-party fact-checking program, raising concerns about an even more significant proliferation of misinformation on Facebook and Instagram. X (formerly Twitter) has also reduced content moderation significantly, leading to an increase in hate speech and misinformation on the platform. Meanwhile, U.S. tech groups have been urging Trump to pressure the EU to scale back its investigations into global tech companies. Although these investigations are based on the EU’s digital markets regulations, a review has been initiated, which could indicate that the EU may be less inclined to enforce those regulations.
Political and Economic Pressure on Newsrooms
Political and economic pressures on newsrooms may intensify around the globe in 2025. Trump’s victory could encourage other populist leaders to further erode democratic norms, including the freedom of the press. Populist rhetoric frequently casts journalists as adversaries of the state, undermining trust in media and often resulting in restrictive measures against independent journalism, including digital surveillance or even legal restrictions. The latter may include legislation against “fake news,” which, often vaguely defined, enables governments to arbitrarily penalize critical reporting with fines or even imprisonment.
At the same time, economic challenges further threaten media sustainability. Rising operational costs and diminished advertising revenues have forced many outlets, particularly smaller and independent ones, to find new strategies to secure revenue or face closure. Nevertheless, in the distorted media landscapes of many countries, where ad revenue is allocated based on political loyalty rather than audience reach, and some audiences are already struggling with subscription fatigue, the role of external funding from philanthropies and other organisations will be critical.
The Outcome of the War in Ukraine
Russia’s war in Ukraine has highlighted how disinformation and propaganda are used to undermine public trust in institutions, including the media. In authoritarian and hybrid regimes, state-controlled narratives already dominate, but democracies might also adopt stricter regulations to combat disinformation, inadvertently creating challenges for legitimate journalism. The war has also made journalism more dangerous, with reporters targeted in conflict zones and online harassment becoming widespread.
At the same time, however, the war has also inspired innovation in independent journalism. Ukrainian media outlets have started to leverage crowdfunding and partnerships. Still, independent media in Ukraine face the difficulties of navigating donor dependence, operational challenges, and the urgent need for more sustainable funding models.
Emerging Technologies
New technologies, particularly artificial intelligence (AI), may shape media freedom in 2025 in various ways. On one hand, the development of generative AI tools is likely to fuel a surge in the number of misinformation and disinformation campaigns. Sophisticated AI models can easily create deepfakes, fabricate convincing narratives, and flood digital platforms with content that erodes public trust in credible news sources, making it increasingly difficult to distinguish fact from fiction. As authoritarian regimes and other actors with bad intent exploit these technologies, independent journalism may face new threats, including orchestrated smear campaigns that undermine its integrity and credibility.
On the other hand, the same AI technologies hold promise for empowering journalists and enhancing the reach of independent media. Investigative journalists can harness AI for tasks like analysing vast datasets, uncovering corruption, or mapping networks of influence. Automated fact-checking tools might help counter misinformation, providing journalists with tools to quickly validate claims. Personalized front pages can help audiences access relevant, high-quality journalism tailored to their needs. Still, these tools also introduce ethical challenges, as overreliance on AI for reporting and editorial decisions risks eroding the human judgment central to true journalism.
Regulation Milestones
Regulatory milestones anticipated in 2025 may reshape the operational landscapes of both traditional and digital media. The European Union will see the full implementation of the Digital Services Act (DSA) and the European Media Freedom Act (EMFA), which aim to create transparent and accountable frameworks for protecting editorial independence, tackling disinformation, and promoting media pluralism. However, their success will depend on consistent application across Member States.
Globally, debates around platform governance, particularly concerning Meta, Google, and X (formerly Twitter), will affect how media outlets interact with these tech giants. Issues such as content moderation and removal, revenue-sharing models, and the spread of harmful content are central, as these platforms often act as gatekeepers for news dissemination. The DSA’s provisions, which require platforms to notify media providers before removing legal content, could set a precedent for similar regulations worldwide, but their implementation could vary depending on national contexts.
Furthermore, agreements or discord in forums like the G20 regarding AI regulation will also influence the field of combating misinformation and the potential misuse of surveillance tools. As AI-generated content becomes more prevalent, governments face the dual challenge of mitigating harm without stifling innovation.

In response to the changing media environment, journalism programmes are increasingly emphasising the importance of skills such as adaptability, critical thinking, and audience engagement. This reflects a shift from simply teaching traditional skills to preparing students for a future where they are expected to integrate new technologies and diverse perspectives into their work. A significant part of the discussion revolves around how journalism educational institutions must innovate their curricula to meet these challenges, fostering a culture of lifelong learning among journalists. This is particularly important for journalism funders, as their support plays a crucial role in equipping future journalists with the tools to navigate and adapt to the shifting landscape, ensuring the sustainability and impact of quality journalism.
Drawing from insights gained from fifty experts in journalism and education, a study conducted in the Netherlands employed scenario planning to explore various potential futures for journalism education. This method considered both certain trends, such as ongoing technological advancement and the necessity for journalists to engage with their audiences, and uncertain trends, which include the blurring of professional boundaries within journalism and the growing need for collaboration across disciplines.
The study found four plausible scenarios for the future of journalism education. The first scenario, “Back to Basics,” emphasises a return to foundational skills centred around traditional journalism standards, focusing on research, interviewing, and a critical understanding of political and social contexts. The second scenario, “Mix & Match,” allows for personalised learning paths, where aspiring journalists can curate their educational experiences based on individual needs and interests, often leveraging audience collaboration and advanced technology. In the third scenario, “Creators United,” students are trained not just as information providers but also as active participants in journalism, working closely with media organisations and engaging directly with their communities. The final scenario, “Learn for Life,” envisions a flexible, open-ended form of education where traditional structures like diplomas may disappear, allowing journalists to navigate their own paths and explore varied formats and subjects.
Journalism education needs to evolve continually, and educators should prioritise teaching new skills while reconsidering the fundamental journalistic values that should always underpin such training. These insights contribute to the broader discourse on how journalism programmes can stay relevant in the rapidly evolving media landscape, highlighting the importance of flexibility, innovation, and a commitment to understanding the journalist’s role in society.
Severijnen, M., & de Haan, Y. (2024). Educating for a Changing Media Landscape: Four Scenarios for Journalism Education in 2030. Journalism Studies, 25(16), 1931–1948. https://doi.org/10.1080/1461670X.2024.2406814

The quality of news articles is assessed not only by their content but also by the media brand which publishes them. In today’s information-saturated environment, brands serve as cognitive shortcuts for readers, helping them navigate vast amounts of information. Consumer-based brand equity (CBBE), defined as the value a brand holds based on consumers’ awareness and associations, plays a critical role in this process. It is crucial for those providing financial support to journalism to understand this dynamic, as it emphasises the significance of brand reputation and the potential influence of brand equity on public trust and the perception of journalistic quality.
The role of journalism in supporting democratic societies is widely acknowledged. The quality of journalism is often gauged by its impartiality, reliability, and factual accuracy. However, there is no universally agreed-upon definition of news quality. There is a discrepancy between how journalists and consumers evaluate quality. However, studies indicate that the majority of news recipients can distinguish high-quality articles. This research extends this understanding by examining how media brands affect recipients’ assessments of news articles, particularly through CBBE.
Media brands act as reliable indicators of news quality, particularly in an environment where readers cannot personally verify the events covered in news stories. Brands convey emotional and cognitive associations that shape perceptions of content even before it is consumed. For example, articles from well-known, quality brands are typically rated more favourably than those from tabloid brands, even when the content is identical. This makes the media brand a critical factor in shaping audience evaluations, particularly in the online news environment, where strong brands often exert a greater influence on news selection than the content itself. The increasing prevalence of sensationalism has further obscured the distinction between quality and tabloid media, resulting in a convergence where both seek to deliver factual yet appealing content.
The study reveals that consumers rely on heuristic cues, such as media brands, to assess news quality when direct content evaluation is not possible. In this context, CBBE emerges as a critical factor. A positive CBBE results in stronger brand loyalty, higher perceived quality, and more favourable brand associations, all of which influence how consumers assess news quality. The familiarity of a media brand can prompt the formation of cognitive associations, which in turn influence the perceived credibility and accuracy of the news articles it publishes. The research demonstrates that articles from reputable brands like Süddeutsche Zeitung are generally evaluated more favourably than those from sensationalist brands like Bild. This effect is mediated by CBBE.
For journalism funders and donors, the implications are clear. CBBE, driven by brand awareness and consumer associations, directly impacts the perceived quality of news, particularly in areas such as factual accuracy, impartiality, and relevance. News outlets with a strong, positive brand identity can effectively signal high-quality journalism to their audiences, even in cases where the actual content may not be significantly different from that of their competitors. This indicates that maintaining a robust and reliable media brand is vital for maintaining audience trust and ensuring that quality journalism is recognised and valued by the public.
The research also examined how the impact of CBBE differs across various quality subdimensions. It revealed that brand influence was particularly strong in assessments of factual accuracy and impartiality, while its impact was less pronounced for dimensions like comprehensibility. This suggests that readers may rely more heavily on brand equity when evaluating elements of news that are more challenging to assess based on the content alone. For journalism funders and donors, this emphasises the value of investing not only in the production of quality journalism but also in the development and maintenance of strong media brands. A positive brand image is an effective tool for ensuring that quality journalism is perceived as such by its audience.
The convergence of quality and tabloid journalism also presents another challenge. The role of media brands in signalling news quality becomes even more critical. Funders and donors need to consider how this convergence affects public perception of journalistic quality and what it means for their support of independent, high-quality journalism. In a media landscape where strong brands can enhance the perceived quality of journalism, supporting media outlets in building their brand equity may be as important as funding content creation.
Nevertheless, while CBBE plays a significant role, other factors like brand knowledge and the physical presence of media outlets (e.g., their visibility in public spaces) also contribute to how news quality is perceived. For funders and donors, understanding the full range of factors that influence audience perception of quality is essential for making informed decisions about where to direct their support. By helping media outlets build positive brand equity and maintain a strong public presence, funders can enhance the impact of their contributions, ensuring that quality journalism is recognised and trusted by the public.
Leuppert, R., Bruns, S., Rahe, V., & Scherer, H. (2024). What’s a news media brand worth? Investigating the effect of cognitive brand representations on recipients’ quality assessment of news articles. Journalism, 0(0). https://doi.org/10.1177/14648849241285497

In March 2024, a consortium of seven media organisations and a media-focused technology provider launched the Taktak project, with the objective of developing an innovative donation solution, supported by the European Commission. The initiative addresses a fundamental challenge facing modern journalism: the need to identify sustainable revenue sources in the context of evolving consumption patterns and the adverse circumstances faced by freelance journalists. It introduces an innovative approach to donations, whereby readers can decide which organisations to support.
The concept for Taktak was developed by Worldcrunch, a Paris-based digital magazine known for its work with international partners. Lucie Holeček, a design-thinking expert and consultant on the project at Transitions Online, outlines that Worldcrunch’s distinctive collaborative model presented challenges that existing payment platforms were unable to accommodate. As Worldcrunch frequently translates and shares articles with various international media partners, a key challenge emerged in relation to the allocation of donation revenue across contributors. “None of the existing payment solutions worked,” Holeček states, adding that a new approach was needed to ensure funds were distributed fairly among all parties involved.
The Taktak project represents a convergence of three key developments in the journalism sector. Firstly, the initial research phases revealed significant problems faced by journalists, particularly freelancers, in terms of job stability, financial security and stress levels. “We were aware of the difficulties, but not to this extent,” Holeček recalls. Secondly, there is significant untapped potential for joint reporting efforts across languages and borders, which could enhance the scope and reach of journalism. Finally, there is an increasing need to generate direct revenue from the audience.
The Taktak consortium, formed by Worldcrunch, comprises an impressive array of local, national, and international media outlets, which are coming together to explore these opportunities. The consortium includes Mensagem, which provides local news in Lisbon; Pod Tepeto, a media outlet based in Plovdiv, Bulgaria; La Marea, a Spanish publication; and Livy Bereg, a Ukrainian news source. The platform’s geographic diversity and the difference in scale between its members enables it to address the needs of journalists and readers at multiple levels, from the hyper-local to the transnational. The involvement of these media groups also benefits younger journalists, who are facing an increasingly unstable job market and income situation. The consortium’s reach is extended further through the inclusion of WAN-IFRA, the World Association of News Publishers, and Transitions Online, both of which have extensive networks within the journalism community.
Taktak is currently a closed consortium, funded by an investment of €1,376,040 over two years. Eighty percent of this funding, totalling €1,100,832, is provided by the European Commission under the Journalism Partnerships Collaboration call. The remaining 20% is provided by the Taktak partners themselves. “The funding goes toward creating the tool,” said Holeček. She adds that the tool is currently in development and will support various types of content, including articles and podcasts, with options for transparent payment distribution. The tool enables readers to make donations and to see precisely where their contributions are being allocated. This transparency is a key element of the project’s value proposition for donors, as it builds trust.
One of the distinctive features of Taktak is its flexibility. Readers are able to select the total donation amount, while collaborating journalists can choose the ratio of how it is shared. Holeček states that Taktak’s donation model provides an alternative to the fatigue that many readers feel with multiple subscriptions. This new solution offers flexibility, allowing readers to give money without any obligation. They can simply indicate their appreciation for an article and choose to support the publication directly. This approach is particularly beneficial for freelancers, who might otherwise be excluded from revenue-sharing models even when their work is particularly successful.
Taktak’s primary objectives extend beyond the mere creation of a new revenue stream. They also encompass the fostering of collaboration across media, the promotion of diverse voices, the growth of reader engagement, and the encouragement of a more resilient journalism sector. Taktak’s donation-based model encourages journalists and media organisations to commit to quality, in-depth coverage that resonates with readers, with the aim of creating a mutually beneficial relationship. The platform’s secondary objectives include facilitating the sharing of best practices and insights among media outlets, which can ultimately benefit the wider sector.
The tool is currently in the development stage and has been designed with the objective of collecting payments efficiently while distributing them fairly. The tool is essentially a flexible ‘donate’ button that allows readers to decide how much to give to each party involved in the content’s creation. This flexibility addresses a market gap for direct support of journalists, particularly in cases where readers wish to contribute without committing to a full subscription. As Holeček explains, the objective is to make the process “as flexible as possible”, offering financial support to journalists facing financial difficulties who might otherwise go unrewarded.
The first prototype of the Taktak tool is scheduled for release in 2025, following which it will undergo further refinement based on feedback. Holeček emphasises that, while the eventual aim is to roll out Taktak across Europe, the team is mindful of the regional nuances involved. “Every country is specific,” she states, citing differences in consumer attitudes towards paying for news content and in regulatory frameworks. The consortium’s approach to scaling will be strategic and tailored to the specific needs and context of each market.

Tetiana Gordiienko of the Media Development Foundation offers insights into the challenging task facing Ukrainian media as they navigate donor dependence, operational challenges, and the urgent need for more sustainable funding models amid the ongoing impact of war.
“I have almost stopped writing stories… We spend up to 30% of our time on [operational workload related to] grant projects. This seems to me like a lot and we can turn into a media outlet for donors and not for our audiences. This scares me a lot. I see such examples […] and I am very, very, very afraid to become the same“
“The emphasis I want to make is that donors need to sit down, look around, find ways for themselves to choose projects they trust and give them a chance to relieve a little administrative burden and give them the opportunity to secure long-term funding. […] To live and work here, you need a little more trust, because if we lose it now, we lose it gradually, then there will simply be no one to make good journalism.”
The preceding quotations are not intended as a frightening narrative for journalists as part of a Halloween prank. They are drawn from a recent research study, “The Donor Dilemma: Rethinking Support Models for Ukrainian Media’s Future” conducted by the Media Development Foundation (MDF), a Kyiv-based non-governmental organisation (NGO).
Following two years of full-scale war with Russia, Ukrainian media outlets are facing significant challenges. On the one hand, they have established close cooperation with numerous international donor organisations, which have become the main source of funding for most Ukrainian newsrooms, especially at the local level. On the other hand, such close and prolonged interaction could not fail to have had an impact.
The respondents who took part in the MDF study concluded that their media organisations develop their financial plans while taking into account the financial year of donors, or postpone major strategic decisions until they receive funding or confirmation of project agreements. They also pointed to the additional operational burden associated with project-based financing and the necessity to align their goals with the strategic goals of the projects funded by donor organisations.
This research is based on in-depth interviews with representatives of nine media outlets and consists of a thematic analysis of the collected data. Furthermore, it forms part of a number of other MDF research projects. To illustrate, MDF ran a study of the state of local media in Ukraine that comprised a survey of 37 media outlets, 12 in-depth interviews, and three expert interviews. The study revealed challenges related to funding, strategic planning, and human resources in media organisations. “The Donor Dilemma…” employs a nuanced qualitative approach to investigate these issues in a smaller sample of respondents.
As the donor and media systems become increasingly complex and intertwined, the situation is further complicated by the reduction of funding for quality journalism. The respondents observed a notable decline in the number of grant opportunities for media. Concurrently, the advertising market in Ukraine, which has been affected by the ongoing war, is only showing minimal signs of recovery. As a result of the widening funding gap, there is a risk that media organisations may be forced to downsize their teams and reduce their capacity. The least resilient players may ultimately be forced out of the media market.
“It seems to me that core support is the best model in general that can be now [for media]. I know that many Russian media outlets in exile receive core support with not so much effort, while Ukrainian editors, unfortunately, have to constantly invent some projects. Plus, these permanent projects, it seems to me, still slightly distort the reality of the needs that exist within our audience” – An editor-in-chief of a local media outlet in Ukraine.
This excerpt from the MDF report focuses on the challenge of donor relations, but there are other needs as well, including psychological support for teams under immense pressure, a crisis of human resources, and the development of a strategic planning culture.
The Ukrainian media market is approaching a point where it must undergo another round of transformation. Media organisations have already demonstrated remarkable resilience in maintaining their teams and operating effectively, despite the challenges and risks posed by the ongoing conflict.
Particularly in the Ukrainian context, the media plays a significant role at both national and local levels in supporting democratic processes, post-war recovery, and community development. While some needs, such as funding or retaining qualified personnel, are relatively visible, the research conducted by the MDF also revealed a need for solutions to maintain the progress that the media have made with an incredible effort over the last two years. One of the most urgent requests from the independent Ukrainian media is to renegotiate the funding models with the donors to allow them to work in a more sustainable and predictable way.
We encourage European partners to consider new, sustainable approaches to donor funding that will help build a resilient, independent media landscape in Ukraine, and also to join MDF in the effort to develop the Core Media Fund, an initiative designed to raise funds for sustainable ways of financing independent journalism and media advocacy in the country.

Lot Carlier, Executive Director at V-Ventures, the investment arm of the Netherlands-based Veronica Foundation, emphasises the critical importance of fostering financial independence for media outlets to maintain editorial freedom. V-Ventures supports investigative journalism, engages younger audiences, and backs regional media. Their strategy is twofold: providing funding and practical consultancy to help media companies strengthen their business model and establish sustainable revenue streams, and invest in companies that create technology, tools and channels for these media companies.
Why is it important for the Veronica Foundation to fund journalism, and what led to the establishment of V-Ventures?
Carlier: We created V-Ventures as our investment arm to focus on strategic investments, while keeping donations under the Foundation’s purview. Although part of the same organisation, V-Ventures specialises in the investment side of supporting journalism. Our roots lie in media—we were once a rebellious media company broadcasting from a ship in extraterritorial waters when we weren’t allowed to broadcast in the Netherlands. This unconventional start has defined our innovative approach and commitment to independent journalism.
Over recent years, we’ve witnessed a decline in media independence across Europe, marked by increased concentration and political influence over media outlets. Supporting innovative, independent voices, especially in regions where media freedom is under pressure, is more important than ever. We have been dedicated to supporting independent media since selling off our own media assets, and we have recently broadened our focus to also include smaller and mid-sized independent media companies that ensure pluriformity of the press and innovation in the sector.
What is V-Ventures’ approach to supporting media companies?
We have a dual approach. First, we support media companies on the business side to help them become less reliant on grants and donations and develop new revenue streams tailored to their specific markets. This support is essential because donor dependency can lead to a shift in focus away from building a strong audience and sustainable revenue generation. We support these companies to establish revenue models that fit their context, whether through syndication, subscriptions, or other methods.
Second, we also invest in media tech companies that support content creators, such as those developing innovative tools to enhance efficiency. Additionally, we have initiatives like SV-Docs, a documentary fund to support journalistic storytelling. This holistic approach allows us to create a blended return on our investments while fostering growth across the media ecosystem.
In which regions does V-Ventures focus its investments?
Our focus is on Europe, and we target three main topics. First, we support news and investigative journalism in countries where media freedom is at risk or where there’s a significant concentration of media ownership, which reduces pluralism. Second, we focus on media companies that are engaging younger generations (Gen XYZ) who are not as connected to traditional media; reaching them with independent news is crucial. Third, we prioritise regional and local journalism as trust in national media declines. We are exploring sustainable business models for all media to replicate. Additionally, as already mentioned, we invest in tools that make the sector more efficient and effective and in channels, like podcast companies. Lastly, we invest in funds to broaden our reach, such as Mercuri and NBM.
Do you provide only capital, or do you also offer guidance or training?
For media companies, we offer more than just capital. We often provide a three-day consultancy programme where we work closely with the entire team to identify the best ways to generate revenue. We may fund specific business roles, like a publisher, for one or two years to help build the business side until it becomes self-sustaining. This approach is different for media tech companies, which operate with their own market strategies.
What is the most important lesson you’ve learned through investing in media companies?
The most critical lesson is that financial independence is key to maintaining editorial independence in the longer term. Media companies must generate revenue beyond donor support to remain free from external influences. In the early start-up phase, donor funding may be necessary to build an audience and establish a critical mass of content. However, as the organisation matures, it must develop diversified revenue streams to become truly financially independent.
What challenges have you faced in funding journalism in Europe?
One major challenge is that many smaller independent media organisations haven’t developed a business strategy yet. Journalists often focus on creating impactful content driven by their convictions, and shifting attention to revenue generation can be challenging. This is where editors sometimes step in to handle subscriptions or other business tasks, but it’s tough to balance this with their focus on high-quality journalism. Dedicated staff to take care of the business side allows journalists to focus on what they do best—creating valuable content.
What has been your biggest success story so far?
While we’ve completed successful exits on the business side, our blended investment approach combining business and content-focused support is still relatively new. We have seen promising indications of a solid blended return over the past five years, although it’s too early to present final financial results. We aim to demonstrate this model’s viability to other impact investors in the coming years by showing that media investment yields reasonable returns while having a huge impact on democracies.
Do you have advice for organisations considering funding journalism for the first time?
It’s crucial to raise more awareness about the need for support in this sector. The current state of media in Europe, and globally, is challenging, and more help is needed to preserve independent voices. Impact investors can create immense change. The message should be clear: funding journalism isn’t just valuable—it’s essential for sustaining democracy and informed societies.