Berkeleyside raises $1 million in direct public offering: At a time when news organizations have seen their business models demolished, Berkeleyside hopes it has found a new way to keep online local journalism alive. The hyper-local news site reported Thursday that it raised $1 million in a direct public offering, with nearly 400 of its readers investing at least $1,000 each for shares in the company. The money will help Berkeleyside, founded in 2009, hire another reporter and better adapt its site for mobile users. The direct public offering is the first successful one held by a news website, according to Berkeleyside.
Berkeleyside: Berkeleyside is the leading local news source for breaking news, public safety, politics, food, real estate and development, education and more in Berkeley, California.
My botty best at summarizing from Wikipedia: Berkeleyside is a digital newspaper founded in 2009 . it covers life in contemporary Berkeley, California, reporting on politics, schools, crime and business . for six years, from 2013 to 2018, it held an annual ideas festival . three journalists worked as journalists before starting the site . Frances Dinkelspiel is also the author of two books . Berkeleyside takes as its premise the idea that Berkeley has had an outsized influence on the culture of the united states in both 2013 and 2014, the Northern California chapter of the Society of Professional Journalists gave Berkeleyside an Excellence in Journalism award . in 2017, SPJ NorCal named Emilie Raguso the “Journalist of
