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)