American Public Media Acquires Spot.us
December 1, 2011 at 3:55 AM (PT)
AMERICAN PUBLIC MEDIA has acquired journalism fundraising website SPOT.US for an undisclosed price. The site will be operated under APM's existing Public Insight Network crowdsourcing service. SPOT.US serves as a KICKSTARTER-style site where journalists can raise donations to support their projects.
"SPOT.US and PIN both believe in the power of the independent voice in journalism -- from both journalists and sources, making the acquisition an ideal move," said APM SVP of Digital Innovation JOAQUIN ALVARADO. "PIN believes in the important work of SPOT.US and we will explore opportunities to continue to drive the effectiveness and relevancy of the site even further in the future."
"We couldn’t be more excited about joining forces with the Public Insight Network to change the way journalism is both funded and reported," said SPOT.US Founder DAVID COHN. "Combined, we have a real opportunity to be a positive force, paving the way for journalism to be truly public from the ground up."