Opinion: Newspapers Should Become Nonprofit-Owned

Newspaper companies should become nonprofit, endowed groups, like colleges and universities, to survive, write David Swensen, chief investment officer at Yale, and Michael Schmidt, a Yale financial analyst, in a column for The New York Times.

“By endowing our most valued sources of news, we would free them from the strictures of an obsolete business model and offer them a permanent place in society, like that of America’s colleges and universities. Endowments would transform newspapers into unshakable fixtures of American life, with greater stability and enhanced independence that would allow them to serve the public good more effectively,” they write.

(Free registration is required to view this article.)