a proposal to get money to Chicago journalism
Chicago City Council will create a pilot program of a $5 million fund for Chicago media outlets (for profit, nonprofit; existing, startups). For a contribution of $20, a Chicago resident would get to allocate $120 to Chicago media outlets that apply to be part of the program. To be eligible the media outlet must: cover matters of local interest to people in Chicago must employ people who live in Chicago be based in Chicago follow the Society of Professional Journalists code of ethics (or an analogous code) commit to not being racist, sexist, homophobic, Islamophobic, antisemitic *** Chicago is a media town. Some media companies that have Chicago roots: Chicago Defender Ebony Essanay Studios Harpo Studios Morningstar, Inc. Playboy the corporation fka Tronc WGN And Walt Disney was born in Chicago. The economics of local media are changing. For reasons, the model of advertising revenue is not cutting it. Various outlets have moved to nonprofit models supported by donations. This has a