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

Chronicle, Hearst should be ashamed of crowdfundin... San Francisco. Credit: Kevin Stanchfield. The San Francisco Chronicle — owned by the $9 billion Hearst Corp., headquartered in New York City — las...
Super Amigos campaign for Colombian indy journalis... Since Colombian news and politics website La Silla Vacia was created in 2009 it has come to receive 500,000 page views a month. The site continues t...
Billions spent in borderland Texas and still no cl... The Texas Tribune will report a story on why, after billions of dollars and decades of trying, some residents of borderland Texas cannot still don’t h...
GovTrack asks the crowd to fund accountability of ... Hoping to improve government accountability by making it easier for citizens to access and digest the details of legislation, Joshua Tauberer, an ...

Comments

comments

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.