Posts tagged 'Point Reyes Light'

Calif. Pulitzer Prize-winning paper becomes L3C

By: Meera Pal

Posted: May 27, 2010 | Tags: L3C, Point Reyes Light

The Point Reyes Light, a Pulitzer Prize-winning weekly newspaper in the California Bay Area, has been sold to a group of journalists, educators and community leaders, according to an article in today's San Francisco Chronicle.

And, even given the paper's recent controversy over ownership, for me the most interesting aspect of the sale is that the Light will operate as a low-profit limited liability company, or an L3C.

The paper was sold to the Marin Media Institute, a newly formed nonprofit. Heading the editorial effort is well-respected investigative journalist, Mark Dowie, former publisher of Mother Jones magazine. Dowie ...

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