California left scrambling on Google journalism fund after UC Berkeley backs out
The University of California, Berkeley will not host a planned $125 million partnership between state officials and tech giant Google meant to fund cash-strapped local newsrooms, leaving the state scrambling to fulfill the landmark journalism deal.
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.