Today's trust tip: Disclose stimulus funds and explain the ethics involved
Hi there. Lynn here.
Like many businesses, news organizations are struggling due to the COVID-19 pandemic. Financial creativity and cutbacks might be required, and new revenue streams can help keep the lights on. But news organizations are in a situation that other businesses are not: While they might need and qualify for outside financial support, they are also expected to fairly cover the business impact of the virus.
As a journalist in a newsroom, you likely don't have control over whether your newsroom accepts a loan from the government or applies for grants from a foundation or company. What journalists CAN control (or at least advocate for) is being transparent about any funds received.
The Seattle Times wrote about receiving a loan through the Payroll Protection Program (PPP) last week.
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