Several Jersey Local Papers Will Convert To Nonprofit Status (mediapost.com)
Fourteen weekly newspapers in New Jersey will convert to nonprofit status, thanks to a deal between the Corporation for New Jersey Local Media (CNJLM) and current owner, New Jersey Hills Media Group.
CNJLM has signed a letter of intent to convert the titles, some of which are 100 years old.
Hills Media weighed several offers, but chose to go with “a nonprofit organization dedicated to preserving and expanding the local news coverage we provide — in print, on the web and on social media,” states Liz Parker, co-publisher and executive editor.
more at: https://www.mediapost.com/publications/article/360186/several-jersey-local-papers-will-convert-to-nonpro.html