Knoxville Mercury might be a phoenix; laid off editors make their own news outlet

Want to see a shredded non-compete clause? Visit the Knoxville Mercury’s Facebook page. It’s a not-so-subtle message from former Metro Pulse editor Coury Turczyn, who turned down more than $20,000 in severance pay and towards the crowd in order to make a news publication to replace the now closed Metro Pulse.
The Kickstarter campaign to create the Knoxville Mercury is documented in an extensive article published last week by the Columbia Journalism Review.
The article describes the unique financial structure of the organization and many accomplished people being brought together to back the venture and structure of the new news organization.