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How large an endowment would a newspaper need?

RELATED ARTICLESExplain
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The Future of Newspapers
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What strategies are open to newspapers?
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Turn newspapers into nonprofit, endowed institutions
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How large an endowment would a newspaper need?
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$2bn endowment for the Washington Post
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$5bn endowment for The New York Times
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Accountability?
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Activity is inherently noncommercial
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Enable newspapers to receive tax benefits
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Endowments would enhance the autonomy of newspapers
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Secure freedom of speech
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Shelter newspapers from vicissitudes of changing economics
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Constrain newspapers' political freedom
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