Journalism

Feb 3, 2014

Wood bets on Guardian, so what now for philanthropic media?

The Global Mail's experiment in philanthropic journalism via Graeme Wood looks doomed. So what did we learn about funding journalism in the future?

Margaret Simons

Journalist, author and director of the Centre for Advanced Journalism

Nobody can doubt the depth of Graeme Wood’s concern about journalism, despite his decision to ditch The Global Mail, the Australian start-up he founded with a promise of $15 million or more in funding less than two years ago. The Mail is not Wood’s only venture in the sector; last year he also funded the United States Centre for Public Integrity and, of course, is the angel investor behind the presence of The Guardian in Australia.

Of these ventures it is the latter — which he has described as an investment rather than a donation — that is most clearly a success. The Guardian has exceeded its own forecasts for revenue and profit, and is expected to expand its Australian presence this year.

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4 comments

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4 thoughts on “Wood bets on Guardian, so what now for philanthropic media?

  1. Bill Hilliger

    The Guardian wouldn’t have to try very hard to beat the Murdorc press when it comes to quality.

  2. paddy

    The rise and demise of The Global Mail would probably make a fascinating book.
    I can’t recall an online journalistic venture (at least in Oz) that promised so much and yet managed to implode so spectacularly.
    It’s sad that what will probably stick in people’s memories, is that bloody side-scrolling dog of website they started with, rather than the excellent stuff they’ve been publishing lately.

  3. AR

    The Rise, Fall & writhing of the Global Mail was agonising.
    Like BETA, an excellent product, overtaken by elcheepo crap.
    I managed the initial side scrolling (big deal! and I, Chief Luddite!) and the writing was engaging and erudite. BUT LATE!
    Why I didn’t begin to bother was coz I’d already scanned the basics elsewhere.. to my loss of detail but when has detail(aka ‘reality/facts’)mattered in the morass of populism?

  4. billie

    The initial website navigation turned me off so thoroughly I never returned

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