Abstract

This thesis examines crowdfunded journalists’ beliefs about the most effective ways to appeal to potential financial supporters and successfully meet their funding goals. In the wake of continually worsening economic restructuring in the journalism industry and the disruption of journalism’s perennial advertising-based business model (Anderson, Shirky, & Bell, 2014; Kaye & Quinn, 2010), crowdfunding has emerged over the last decade as a possible alternative business model (Hunter, 2016). The financial crisis has resulted in cutbacks in coverage and staff, and an erosion of journalism’s societal role as the fourth estate (Gasher et al., 2016; McChesney & Pickard, 2011; Mensing, 2007; Picard, 2014; Public Policy Forum, 2017).
The existing literature on what motivates people to support crowdfunded journalism has looked at the question primarily from supporters’ point of view (Aitamurto, 2011; Jian & Shin. 2015). However, there has been little research on what crowdfunded journalists themselves think are the best ways to motivate or appeal to potential financial supporters. Using in-depth, semi-structured interviews (as per Castillo-Montoya, 2016 and Leech, 2002) with 10 Canadian journalists who have engaged in crowdfunding for new media outlets, this thesis examines key value propositions the journalists use to motivate their audiences, the general obstacles they face when convincing their audience to pay, as well as promotional techniques and other related practices that contribute to successfully reaching their funding goals. The interviews were analyzed thematically (as per Guest, MacQueen, & Namey, 2012) using a constant comparative method and open coding to track emerging themes. The results show that respondents are crafting value propositions by alluding to deficits created by industry restructuring, and the negative impact this restructuring has on democratic society.