By Jaclyn Peiser
Craig Newmark, the Craigslist
entrepreneur who arguably forced the newspaper industry to change its
business model after his website put a dent in the lucrative classified
ads business, is giving $20 million to the CUNY Graduate School of
Journalism.
“In this time, when
trustworthy news is under attack, somebody has to stand up,” Mr. Newmark
said. “And the way you stand up these days is by putting your money
where your mouth is, and that’s what I’ve done.”
As
a result of the $20 million gift, which was announced on Monday, the
school will change its name this summer to the Craig Newmark Graduate
School of Journalism at the City University of New York.
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Source: The New York Times (via Empire Report New York)
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