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Philanthropies pledge $500 million to address 'crisis in local news'

03:46
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Journalists protest outside the offices of the <em>Austin American Statesman</em> in June as part of a nationwide effort by staff at Gannett-owned newspapers to draw attention to layoffs and budget cuts. A coalition of donors is promising to bolster local news with a half-billion dollars over five years. (Getty Images)
Journalists protest outside the offices of the Austin American Statesman in June as part of a nationwide effort by staff at Gannett-owned newspapers to draw attention to layoffs and budget cuts. A coalition of donors is promising to bolster local news with a half-billion dollars over five years. (Getty Images)

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