Chronicle of Philanthropy: “$25 Million Gift Restarts U.N. News Agency As Nonprofit”

08 Dec

Hong Kong investor Jho Low’s family foundation has committed $25 million to save the United Nations’ financially ailing news service, which will become a nonprofit journalism venture, reports The New York Times. Integrated Regional Information Networks has operated for nearly 20 years under the aegis of the U.N. office that coordinates humanitarian aid, reporting on…

                 

New York Times: “Ailing U.N. News Service Gets $25 Million”

08 Dec

Media enterprises have not figured on the list of billion-dollar deals backed by the Hong Kong-based investor Jho Low in recent years, but his family’s charitable foundation is putting up $25 million to save an ailing United Nations-owned news service that is in the business, he says, of saving lives. Read more at NYTimes.com.

               

Jynwel Foundation Invests US$25M Over 15 Years in IRIN, a Leading Humanitarian News Service

20 Nov

With the advent of 24-hour cable news channels and the rise of instantaneous blogs and web content, the media sector has undergone a series of profound changes over the past two decades.  These shifting dynamics, from the rise of digital media services to sharp reductions in advertising revenue, have forced a variety of media companies…