Markets

WNYC/New York, KPCC/LA, WAMU/DC To Resurrect Gothamist, LAist, DCist Websites

WNYC/New York, KPCC/LA, WAMU/DC To Resurrect Gothamist, LAist, DCist Websites

Now, a consortium of public radio stations, including WNYC in New York, WAMU in Washington DC, and KPCC in Southern California, has banded together to bring some of those sites back from the dead. The assets acquired will enable the stations to expand their digital footprint and support their shared missions to reflect and serve their listeners and the public.

New York Public Radio's chief operating officer told The Wall Street Journal that each of the three stations has some "skin in the game". The deal was spearheaded by Gothamist founders Jake Dobkin and Jen Chung, and is being funded by two anonymous donors who have contributed an undisclosed sum to acquire the brands.

"The nonprofit WNYC business model has proved to be a growing and thriving thing while a lot of things have been going so deeply south", Jim Schachter, head of WNYC's news division, told the magazine.

"That resonates with us at WNYC, where we are committed to telling stories rooted in New York and that matter to New Yorkers", New York Public Radio president and CEO Laura Walker said.

In a deal announced on Friday, WAMU is acquiring DCist and plans to revive what it calls the "beloved neighborhood news site".

In November Joe Ricketts, who founded the online stock brokerage TD Ameritrade and whose family also owns the Chicago Cubs, abruptly shut down the local news sites one week after staff in the NY bureau voted to unionize. "It will strengthen our ability to provide Angelenos with high quality journalism on a variety of platforms".

The acquisition was a result of a competitive process and Joe Ricketts was advised on the transaction by Pursuit Advisory.

The decision put 115 journalists out of work, The New York Times reported at the time.

Now, a trio of public radio stations including WAMU are buying that network from Ricketts.

Old media saving new media-what a way to end the week.

The staffs of DNAinfo and Gothamist are members of the WGA, while WNYC's employees are part of SAG-AFTRA. SCPR serves the diverse communities of Southern California with award winning local news coverage as well as the most National Public Radio (NPR) content available anywhere in the region.