By Steven T. Jones
Warren Hellman was featured in the Guardian two years ago.
San Francisco financier Warren Hellman – in partnership with KQED, the UC Berkeley School of Journalism, and perhaps even the New York Times – is about to launch a nonprofit, locally focused, online news organization with a medium-sized newsroom of full-time journalists, Hellman has confirmed to the Guardian.
Hellman says he will provide $5 million in seed money for the Bay Area News Project, which is about half the annual budget for a projected staff of about two-dozen journalists, and he expects to get foundation funding and perhaps even government grants for the rest. They are currently interviewing for a managing editor, which they hope to hire in the next month or so, and expect to go live sometime next year.
“We’re forming a new media news center. Basically, it will be a not-for-profit 501c3 that will be source of Bay Area news,” Hellman said. “It will focus on local news events, including politics and the arts, the kind of thing that is just dying at the Chronicle.”