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

As deaths in police custody continue, staff report... Two years before Baltimore, Freddie Gray and controversy over the death of persons in police custody, Kelly Davis was writing about the San Diego Cou...
Animal Político turns to crowdfunding to stay inde... Aristotle famously said, “Man is by nature a political animal.” This phrase draws on debates of individualism versus collectivism and at its co...
Hungarian investigative journalism outlet wildly p... Direkt36, an investigative journalism outfit from Hungary, have captured more than half of their 20,000€ goal in the first 24 hours of their campa...
The story of KlinKlin, the first crowdfunded news ... “We need your help to fight back controlled information flow. The Revolution Will Not be Televised! “, the Klinklin team said in their promo video. ...

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.