If all the timing was right on track, some time this month or next, a CEO might be named for a new collaborative nonprofit news and information project being initially funded by the William Penn Foundation. As first shared here, the deeply invested regional foundation put an initial $2.4 million onto the table to form [...]

The William Penn Foundation board of directors has pledged a three-year $2.4 million grant to Temple University to incubate “a new organization designed to strengthen our region’s capacity for professionally-produced public interest journalism,” as described by strategic consultant Michael Greenle. “This will fund journalism, support other outlets and find and cover gaps in coverage,” said [...]

Updated 4/25/10 @ 5:41 p.m. with William Penn Foundation clarification Fewer than four months after its Philadelphia media elite round table to discuss the subject, the William Penn Foundation has released a more detailed outline of its intentions of investing and developing local online journalism in the region. The report, which was released Wednesday, comes [...]