Positive News becomes first crowdfunded global media cooperative

Positive News

Positive News is now the world’s first crowdfunded global media cooperative; owned by its readers and journalists, following the success of its #OwnTheMedia campaign

Following a 30-day community share offer from 8 June to 8 July, the publication is now co-owned by 1,525 readers, journalists and supporters from 33 countries.

The #OwnTheMedia campaign managed to reach its initial funding goal of £200,000 on Friday 3 June, and has since raised more than £60,000, to bring the final total to £263,422.

Positive News editor-in-chief, Seán Dagan Wood, said: “This is a massive vote of confidence in Positive News and an opportunity to showcase a whole new approach to journalism. The level of investment we have raised, the number of co-owners we now have, and the touching messages of support they have sent us, show a deep and widespread desire for a more inspiring news media. It is also clear that people have really valued the opportunity to have collective ownership of the kind of media they want, knowing it is ultimately accountable to them.

“We’re so grateful to our new co-owners; their investment and passionate support will fuel us into our next phase. We can’t wait to bring them even more of our positive reporting and shine a light on the pathways towards a flourishing world.

“This is a massive vote of confidence in Positive News and an opportunity to showcase a whole new approach to journalism.”

“At a time when the world faces unprecedented challenges, but when people can come together to tackle problems like never before, now is the time for a more constructive news media driven by the people it is there to serve.”

Investors came from all over the world, from Mexico to New Zealand, and ranged from 18 to 89 years old. Some invested online and others via cheque. One Positive News journalist bought shares on behalf of her soon-to-be-born twins, another new co-owner wrote to say they invested “a chunk of my pension”, and one reader bought shares for every volunteer in his organisation.

The money raised will allow the publication to put its new business plan into action, which will include hiring new core team members and overhauling the website and print publication.

With the minimum investment level set at £50, every shareholder will have an equal vote in the new cooperative, no matter how much they invested. They will vote on matters such as electing the board of directors to represent their interests.

The campaign ran on Crowdfunder.co.uk, the UK’s largest crowdfunding platform. Crowdfunder managing director Phil Geraghty said: “Wow. What a campaign. The team at Positive News have truly shown the world how to run a hugely successful community share issue from start to a rather spectacular finish.

“Not only is this important for us at Crowdfunder, marking the start of our community share offers – it’s also a momentous achievement in the media sector, bringing a global news platform to the stage which is entirely owned by the crowd.”

Photo title: Some of the Positive News team at the launch of the campaign

Photo credit: © Ahsan Abbas / Still Journeying

  • naomi montague

    It seems my ‘comment’ has gone on to facebook which I had not understood to be the case I had hoped I was writing directly to the staff of Positive News Have never facebooked before and don t intend to do it again If I cannot find a way of communicating in a more personal way, I suspect I have got myself into something which is already alien to my way of being

    Doesn t reassure me a whole lot!

    ps ‘internisation’ was meant to read as ‘internetisation’ – forgive the typing error
    Have just now noticed the word ‘Contact’ at the bottom of this page Perhaps that will be the right button to press next time

  • lyn goswell

    I totally agree with Naomi here. I too hope we will not have to be facebook and twitter people to participate, I would prefer a paper copy of the News, but would read it as an email attachment. Privacy is important to me. I have already been surprised by people putting my photo on facebook without asking, which I discovered quite by chance.
    I am part of the grandma generation and not confident of pressing the right button on the screen .
    Thanks Naomi for making this point.
    I am also a long established and loyal reader.

  • Tom Lawson

    Hello Naomi,

    Thank you for your enquiry. I have now removed your previous comment from here and will instead pass it on to our finance team via email. They will respond to you shortly (if they haven’t already).

    It is not currently possible to share a comment from our website directly to Facebook. It is likely your comment was sent to Facebook by the Crowdfunder website, where our crowdfunding campaign was hosted. As a third party, we have no control over interactions between Facebook and the Crowdfunder website. Posting between these websites is controlled by you and what permissions you give them. We apologise that it was not clearer to you on the Crowdfunder website that your comment was being posted to Facebook – there was likely a tick-box allowing this, which you may not have noticed.

    If you would like to contact us directly in future, you are correct in that you need to go to the ‘Contact Us’ page – you’ll find all the details you need there.

    Best regards,

    Tom Lawson
    Assistant Editor

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  • Hi Lyn,

    Thank you for your comment, and for your long-standing support of Positive News.

    We plan to have the option of logging into our website via Facebook, Twitter or other social accounts in the future. However, this will not be compulsory, and you will still be able to login only with your email address, as you can now, in order to make comments or use our website in any other ways that may require you to login.

    If you would like to read Positive News in print you can become a member and receive our print publication by visiting: https://www.positive.news/join.

    You can also sign up to our email newsletter by filling in the form here: http://eepurl.com/YKFh9

    We take privacy very seriously and always protect our customers’ data. Of course, we have no control over how our readers use other organisations’ websites or social media sites such as Facebook. However, within our own website we will always aim to make it clear how any information you are submitting will be used or shared, and to give you choice and control over this.

    Thank you again for your support,

    The Positive News team

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