Local Media Association (LMA) is launching a new lab program aimed at finding paths to sustainability for family-owned and independent local media organizations.
Directors of the LMA Family and Independent Media Sustainability Lab — FIMS Lab for short — and a team of expert consultants will work for one year with key leaders of 12 family-owned and independent local media companies, immersing in strategic business transformation work intended to advance them toward long-term sustainability and financial independence.
Any local news media company in the U.S. or Canada with at least $1 million annual revenue that can demonstrate it is family-owned or independently owned is welcome to apply. Qualified organizations may include single-location/single-outlet organizations as well as family or independent media groups serving multiple locations. Also, media type does not matter: digital, print or broadcast media should all qualify, as long as they are significantly focused on local news and journalism.
Applications are open through 11:59 p.m. Pacific time Friday, May 5, 2023.