As our crowdfunded community share offer enters its final week, we take a look at some of the coverage the Positive News #OwnTheMedia campaign has received across the rest of the press
Positive News editor-in-chief Seán Dagan Wood discusses why the world needs more positive stories.
The not-for-profit news organisation looking to take a different angle on world events has raised nearly half of its £200,000 crowdfunding target in a week.
The question of purpose before profit is something that independent media have been exploring in various ways for some time. Now, Positive News, the world’s longest-established publication dedicated to positive and solutions-focused journalism, is pioneering a new way to finance and run a media business: a crowdfunded media co-operative, owned by its journalists and readers.
A publication in Islington focused on reporting “positive” news stories has launched a campaign to encourage readers and members of the local community to own shares in the company.
As it becomes a global co-operative, we find out why ‘constructive journalism’ publication Positive News believes the media can do more to help create sustainable and thriving societies.
Seán Dagan Wood is rewriting the popular saying in journalism, “if it bleeds, it leads.”
“If It Succeeds, It Leads,” Wood says. That’s his motto, which he hopes will inspire an entire new wave of journalists.
Positive News claims that if it hits a £200,000 target on the website Crowdfunder.co.uk by 8 July it will become the world’s first crowdfunded global news media cooperative.
A campaign on CrowdFunder.co.uk looks set to raise £200,000 in the coming week for a website and online website dedicated to independent “positive” journalism. The company, Positive News, is offering all shareholders a say in how the company is run.
Positive News has become the world’s first crowdfunded global media cooperative, after raising £263,422 in just 30 days with their #OwnTheMedia campaign.
Now offering community shares, Crowdfunder’s first issue, Positive News, has raised £263,000 from its readers, supporters and journalists. The public support for this project reflects the growing trend for social investment across the UK.
By transforming into a cooperative, Positive News was agreeing to distribute its ownership over thousands of different individuals. They would each have an equal vote in important company affairs, like electing its board of directors and amending its charter.
Earlier this month, a media publication called Positive News concluded a 30-day crowdfunding campaign on Crowdfunder.co.uk, the largest rewards-based platform in the U.K. But the 1,500 or so readers, journalists and supporters that together committed £263,422 to the project got something more than rewards: they got ownership.
The UK-based publication is using an ethical cooperative model to transform its future.
It might seem like there’s not much life left in 21st-century journalism, at least to the casual observer. But a look at what’s happening on the grassroots level tells a different story. Innovative and disruptive funding models are emerging, and they show that meaningful reporting can still attract a loyal and supportive audience.
Photo title: An article about Positive News, published in the Huffington Post