New Revenue Hub
302 Washington St. #150-5977, San Diego, CA, 92103, United States
Overview
Help news organizations build financial sustainability—because the public deserves access to quality journalism.The Hub takes care of the heavy lifting so their clients can focus on what they do best: producing high quality journalism.From the beginning, their goal has been to help news organizations achieve greater sustainability.The Hub is a 501(c)(3) nonprofit organization funded by client fees and foundation grants and is supported by the Democracy Fund, Ethics & Excellence in Journalism Foundation, the John & Florence Newman Foundation, the Knight Foundation, the Lenfest Institute, and the Rita Allen Foundation.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- News
- Non Profit
- Social
Investment portfolio
- Newspack
Participated · Equity · Jan 2019
Newspack is an Automattic-built, WordPress-oriented platform aimed at helping news organizations publish and monetize content with built-in support for subscriptions, metered paywalls and user accounts. Automattic positions it as an all-in-one solution tailored especially for local and small news outlets that lack development resources. Media organizations can apply to work with Automattic during the platform’s development phase. The service will be free during development and is expected to cost $1,000–$2,000 per month afterward. Details about product features remain thin in the announcement, but the project targets easier monetization workflows than vanilla WordPress. The company notes larger publishers may not necessarily move to Newspack, while smaller single-topic or local sites could benefit from the multiple monetization options.