I believe in the social purpose of journalism. I believe in the financial one, too. Mostly, I believe in viable news organizations as vital instruments for knowledge and change, both here and throughout the world.
Adjustments to U.S. tax policy should make it easier for social entrepreneurs and philanthropies to launch and finance non-profit journalism startups. Good luck to them. Raising capital and sustaining news startups, regardless of tax status, will still be difficult.