From Nieman Lab:
On May 14, the L.A. Times reported that newsrooms in California would receive only a third of the $30 million that they were slated to receive from the state this year as part of the much-debated News Transformation Fund that was supposed to, you know, transform the news industry, or at least the dire state of funding for local journalism in California.
A California Department of Finance spokesperson told the L.A. Times that “the sole reason for the reduction is more limited/fewer resources than projected in the January budget.” The state budget is generally a bit of a mess right now.
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