The idea of endowed, non-profit newspapers is very interesting. By getting rid of the dependence on market forces, it would allow newspapers to publish more hard-hitting public affairs news, which would certainly be an improvement. I wonder, though, if this might result in fewer people reading the news.
If the endowed newspapers publish only “real” news stories, they wouldn’t meet consumer demand for feature/entertainment/art/travel/food stories. Assuming demand for those stories stayed the same, other publications focused on non-public affairs news may arise. People who are primarily interested in this information would read these new publications instead of the endowed newspapers. Now, instead of skimming some public affairs news on their way to the entertainment sections, these readers would get no news at all.
That said, I would support endowed news sources, as well as government-funded news sources, because citizens should have access to substantial public affairs news. It is up to them to read it.
Thoughts? Also, do any other countries have endowed news sources?