Holy geez Helsinki! The story of the radio station saved by crowdfunding

9351311575_4a15873265_z
A shipping container painted as a Radio Helsinki boombox. Credit: Elektrojänis, a Radio Helsinki supporter.
So remember last week when we mentioned that Radio Helsinki’s equity crowdfunding campaign was something you should know about?

It seems Forbes beat us to it.

See this thoughtful, interesting article by Esha Chhabra about Radio Helsinki’s campaign that raised more than €350,000 (about $470,000) to keep an independent Finnish radio station alive. Since it was an equity crowdfunding campaign, Radio Helsinki now has 1,700 shareholders, according to the article.

They’re shareholders, yes, but Radio Helsinki is an indy radio station that focuses on issues like race, immigration, civic service and the discovery of new music, issues other news outlets devote less time to or downright ignore.

This is the third big equity crowdfunding campaign in journalism we’ve reported on this year. In early 2015 El Español raised €3.5 million euros, the largest single crowdfunding campaign to date to make a news startup possible, and in mid-2015, Positive News in London brought in more than €250,000.

Related Posts

How tales of Christmas past bring you more stories... Robert Moreno and I met at a Christmas party in Imperial Beach, the most southwesterly city in the continental United States. Steps from the pier ...
Knoxville Mercury might be a phoenix; laid off edi... Knoxville, Tenn. at night. Credit: Frank Kehren. Want to see a shredded non-compete clause? Visit the Knoxville Mercury’s Facebook page. It’s a no...
Stop crowdfunding the Greek bailout, start funding... One of the biggest story this week, in crowdfunding circles and international news in general was an Indiegogo campaign started by a British shoes...
#HackAgainstEbola campaign launches to help journa... In collaboration with the Global Editors Network, journalists in Ghana have launched a crowdfunding campaign to sponsor hackathons next month to h...
Khari Johnson
Khari is founder and editor of Through the Cracks: Crowdfunding in Journalism. He also writes about bots and artificial intelligence for VentureBeat. He has built news startups in the U.S. and Europe for the last decade.