The Texas Tribune launched early last week as a non-profit venture in an attempt to fill a gap in quality local journalism in Texas.
It aims to achieve something along the lines of ProPublica but on a smaller and more political scale.
Its editor,Evan Smith,says that it will survive because it has a good business plan,is staying online only to keep costs down and asked whether non profit is the way to go says
Yes and no. It is unlikely to become a general solution for newspapers simply because of the huge sums of money involved, but for niche reporting and more time/fund consuming journalism such as investigative reporting, it could definitely be a viable option.