There's nothing incorrect per se with a philanthropical organization as a publisher. It can be a bad publisher or a great publisher. Just as a supposedly charitable group can have a political slant, so can any corporation or person who might buy a newspaper. So that's a nonfactor.
Money is not our enemy. Our underdeveloped sense of self-worth, our selfishness and greed, our disdain for philanthropy, our unconcerned mindset for the environment, our approval of mediocrity, these are our enemies.
There are individuals we have actually all seen who have actually made cash, yet misused all of it and have little to show for it. These are individuals with underdeveloped humankind, but overdeveloped aspiration. A persons' well developed sense of self and the world is vital in keeping what wealth is made. People must not forget that his/her own virtue as a human ought to supersede the love of cash, which money needs to only be the vehicle and not the roadway itself.
A popular saying goes like this. A Chinese person was released from prison. He had just two coins in his pocket. He gave one to the beggar and with other he bought a rose.
For mere $34,900 I can invest into a business where they would find me a home (generally in the mid-west) and rehab it for me. I would then be the owner of more info the house. The ARV market prices of these houses remain in the mid to upper $50,000 s. They would then provide up to a year of payments at $400 each month while they find a purchaser for my house. I would then carry funding on that home for the end purchaser on a 30 year PITI note. There is no balloon payment thus you have strong capital. Home loan payments are based upon a 9.9% rates of interest and the market leas. Hence, completion purchaser is paying based upon the marketplace leas. Their deposit is about 2% of the value of the house, usually around $1000.
But if you're taking money from the federal government, you can't keep an eye on it. and that's the No. 1 reason that a federal bailout of newspapers is a horrible concept. Even if there were a screening mechanism. a sort of buffer board in between to shield the journos from the politicos. it doesn't take much creativity to envision a time when a congressperson or staffer or bureaucrat will put the pressure on behind the scenes to achieve favorable protection or stave off unfavorable protection, using the risk of a curtailed subsidy. Papers would surrender whatever shred of public trust they have remaining.
So be mindful with how you develop your business model. You'll want to give your subscribers lots of complimentary information, but you don't want to turn into a charity either!