Boston University’s Daily Free Press has launched a fundraising campaign to save its print edition.
“After accumulating nearly $70,000 in debt over the past several years, our publisher, Turley Publications, has threatened to cease publishing the FreeP,” writes editor-in-chief Kyle Plantz. “If a large portion of this debt is not resolved by December 31, 2014, Boston University will no longer have a print newspaper.”
The Daily Northwestern announced a $1 million fundraising campaign late last month. Spokesman Jeremy Mullman tells Romenesko readers:
The early response to the campaign has been very encouraging, both due to a number of generous gifts received already and also in terms of conversations that are ongoing. It’s a little too early for us to share numbers at this point, but we’re planning a formal progress update at some point in the near future. We’ll certainly share that with you as soon as it’s ready, and we’d also encourage people interested in our efforts to follow the campaign on Twitter and/or Facebook to get the latest news and information on our efforts.
The BU Daily Free Press release is after the jump.
November 10, 2014
FOR IMMEDIATE RELEASE
The Daily Free Press Announces Fundraising Campaign
For 44 years, The Daily Free Press has been covering city and campus news as the only independent student-run newspaper at Boston University. The FreeP was formed in response to the Kent State shootings in 1970, and has since covered such historic events as the founding of Facebook and the Boston Marathon bombings. For its print news coverage in 2013, The FreeP was named third-best all-around daily student newspaper in the northeast region by the Society of Professional Journalists. Each day, eager, talented students write, edit and publish stories for this publication. Some work as much as 50-hour workweeks, completely unpaid.
Now, The Daily Free Press’s presence is at risk. After accumulating nearly $70,000 dollars in debt over the past several years, our publisher, Turley Publications, has threatened to cease publishing the FreeP. If a large portion of this debt is not resolved by December 31, 2014, Boston University will no longer have a print newspaper.
Recognizing that our print model was no longer monetarily feasible, the Board of Directors of The Daily Free Press decided to change to a weekly print cycle with an emphasis on daily online content during the 2014-15 academic year. We have slashed our costs by 80 percent, but our debt from former cycles remains.
Believing that we can now proceed as a self-sufficient company, we have decided to begin a fundraising campaign. Using #FreePFund and a gofundme campaign, we are seeking to spread awareness of our predicament. More importantly, we ask all BU affiliates including students, family members of students, alumni or alumnae, friends of the university, Boston residents, readers of the FreeP and general supporters of student journalism, to consider donating to The Daily Free Press. All contributions are highly appreciated.
With your help, The Daily Free Press can continue to provide invaluable learning opportunities for students, as well as timely, accurate and impactful news coverage to the entire Boston community. Thank you.
Editor-in-chief of The Daily Free Press