What is crowdfunded journalism?
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In crowdfunded journalism, individual journalists or news organizations gather funding from online crowds such as digital platforms. Journalists pitch their stories to online crowds, who are asked to donate to the story process. The power of crowdfunding is created by a large amount of small donations. In recent years, crowdfunding has become an important revenue source for journalism that may otherwise remain unfunded. Apart from funding, crowdfunding creates value by helping journalists to connect with audiences and access information that otherwise would remain beyond their reach. With its increased transparency and collaborative aspects, crowdfunding both enhances and challenges journalistic norms.
At a time when the media is struggling to fund serious journalism, the advent of crowdfunding is a welcome development. Most crowdfunded journalism projects have raised modest amounts
Crowd‐funded journalism is a novel business model in which journalists rely on micropayments from ordinary people to finance their reporting. Crowdfunded journalism projects use numerous international, local and bespoke platforms to crowdfund for the execution of projects. And there have been successful implementation of projects through the use of such funds.