Texas gets its own venture capital funded 'Politico' like website, The Texas Tribune
source: http://mediadecoder.blogs.nytimes.com/2009/07/17/texas-monthlys-longtime-editor-leaves-the-m...
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In the last two years, news organizations that publish solely or primarily online, most of them nonprofits, have become an important force in American journalism, growing fast while the traditional news media shrink. In addition to the local sites, there are bigger operations with a broader scope, like Politico, which is for-profit, and ProPublica, which does only investigative work.
With a large bankroll, a staff at the outset of about eight journalists, and the cachet of Evan Smith, the Texas Monthly editor, the new venture, called the Texas Tribune, hopes to be an immediate force on the state’s political landscape, much as Politico became two years ago in national politics. Many local news organizations have cut back on statehouse coverage, and the creators of the Texas Tribune plan not only to post news on their own site, but also to supply it to newspapers around the state.
With a large bankroll, a staff at the outset of about eight journalists, and the cachet of Evan Smith, the Texas Monthly editor, the new venture, called the Texas Tribune, hopes to be an immediate force on the state’s political landscape, much as Politico became two years ago in national politics. Many local news organizations have cut back on statehouse coverage, and the creators of the Texas Tribune plan not only to post news on their own site, but also to supply it to newspapers around the state.
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