The Daily Memphian fundraised $8M for a subscriptions-based local news startup
Summary
The Daily Memphian raised $8 million in just over a year through foundations and anonymous giving, helping it to go head-to-head with daily newspapers in the region at a time when, founder Eric Barnes said, high-quality local news in Memphis is needed. The publication covers news and politics, business, sports, food, arts and culture and more. Combined with podcasts, events, and special in-depth reporting projects, the newsroom is in growth mode and ahead of expected sales and sponsorship revenue. In the first Accelerate Local case study, read about how The Daily Memphian launched in less than 18 months, and lessons learned about the paywall, newsletters, fundraising, staffing and more. Report by Beth Lawton, LMA content contributor and founder/publisher of Alexandria Living Magazine Fill out and submit this form to receive the download link for the Accelerate Local report, The Daily Memphian: How the digital startup fundraised $8 million for its subscriptions-based news business.
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