2008 Annual Report Dow Jones Newspaper Fund, Inc. on the Cover Karl Grubaugh, 2008 National High School Journalism Teacher of the Year; S
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2008 Annual Report Dow Jones Newspaper Fund, Inc. On the Cover Karl Grubaugh, 2008 National High School Journalism Teacher of the Year; S. Griffin Singer teaching interns at the University of Texas at Austin; Tony Ortega of The Village Voice with students from the New York University Urban Journalism Workshop. Table of Contents From the President 2 From the Executive Director 3 Programs At-A-Glance 4 2008 Financial Report 5 Programs College Programs Multimedia Internships 6 News Editing Internships 7 Sports Editing Internships 8 Business Reporting Internships 9 High School Programs Summer High School Journalism Workshops 10 High School Newspaper Project 14 Teacher Programs National High School Journalism Teacher of the Year 15 Publications 18 Board of Directors 19 Guidelines 20 The Dow Jones Newspaper Fund is a nonprofit foundation established in 1958 and supported by the Dow Jones Foundation and media companies. Its purpose is to promote careers in print and online journalism. The Dow Jones Newspaper Fund, Inc. P.O. Box 300 Princeton, New Jersey 08543-0300 Phone: (609) 452-2820 FAX: (609) 520-5804 Web: https://www.newspaperfund.org Email: [email protected] © 2009 Copyright Dow Jones Newspaper Fund, Inc. From the President/Richard J. Levine Dealing with Reality “It was the best of times, it was the worst of times.” The famous opening line of Charles Dickens’ “A Tale of Two Cities” strikes me as an apt description of the year 2008 in the newspaper industry, which for the past half-century has been the key partner of the Dow Jones Newspaper Fund in developing young journalists. Even as the financial problems of newspapers worsen, the vital journalism produced by the nation’s dailies is read by more people in more locations than ever before. Thanks to the efficiency of Internet distribution of news, the work of today’s reporters and editors has never been in greater demand – the best of times. At the same time, however, the Internet is destroying the business model that has supported newspaper for centuries. The Internet is severely undermining newspaper readership as well as circulation and advertising revenue, and the most severe recession since World War II is doing further damage. This lethal combination threatens the solvency and survival of major newspaper companies across the U.S. – the worst of times. In such an unsettling environment, I am pleased to report that the Dow Jones Newspaper Fund has continued its vital work of training the next generation of professional journalists. In this task, it has been aided by the support of News Corp., which acquired Dow Jones & Co. in December 2007, scores of editors across the country and the skill and dedication of its small professional staff. Last summer, 102 college students and recent graduates held prized Dow Jones Newspaper Fund internships in copy editing and business reporting. The board of directors approved $515,000 in grants and operating expenses for 2009 programming. And this summer, we expect to support nearly 80 interns, despite the fact that many U.S. newspapers have significantly reduced their newsroom staffs through repeated layoffs and buyouts. Moreover, the number and quality of applicants for our internships remain extremely high, testimony to the faith of young people in the future of American journalism regardless of whether it is delivered on newsprint, by radio and television or via the Web. In addition to expanding its search for internships beyond newspapers to online publications and services, the Newspaper Fund provided all interns residential- workshop training in the new technical skills required to succeed in today’s digital newsroom. This summer the multimedia training will be extended to as many as a dozen professors at historically black colleges. In 2008, the Fund’s board of directors was greatly expanded and strengthened by the election of Les Hinton, chief executive officer of Dow Jones and publisher of The Wall Street Journal in February; Greg Giangrande, senior vice president and chief human resources officer of Dow Jones, in April; and Ken Herts, vice president of finance at Dow Jones’s consumer marketing group, in November; he 2 was also named the Fund’s treasurer. DJNF 2008 We are positioning ourselves for the best of times or the worst of times. From the Executive Director/Rich Holden New Technology and Challenges Call it the greening of the Dow Jones Newspaper Fund. Thanks to the work of Linda Shockley, our deputy director, and members of our information technology team, the Newspaper Fund in 2008 moved to an entirely Web-based application system for 2009 programs. We estimate we saved approximately 20,000 sheets of paper. To put that in perspective, they would create a stack about seven feet high. Of course, the primary benefit of the new system is streamlining the application process for internship and grant applicants. We received applications from 600 college students for 102 internship slots at news organizations around the country in 2007 for 2008. Our multimedia internship training program at Western Kentucky University drew 16 participants, double the total of the previous year. The training program featured morning sessions on topics ranging from ethics to the future of journalism to the latest in new technology. Afternoon and evening sessions featured hands-on work by the interns, working as teams, to produce a five-minute multimedia presentation. Based on the reviews of the interns’ employers, the program succeeded handsomely. We were delighted to partner with Community Newspaper Holdings Inc., which hired six interns. Bill Ketter, CNHI’s vice president for news and a past president of the American Society of News Editors, joined us in December 2007 to select the interns, who were trained at Penn State University by Prof. Marie Hardin. Declining media participation for 2009, forced us to cancel two of our Centers for Editing Excellence—San Jose State University and the University of Central Florida. Unfortunately, that meant saying goodbye (for now) to Dr. Bill Tillinghast and Dr. Diana Stover, who have trained hundreds of students over decades at San Jose State. And Dr. Rick Kenney directed our training program first at Florida Southern University and then at Central Florida.We salute them for their fine work. We also bid farewell to Phil Avila, the Fund’s program manager. Phil was instrumental in strengthening our ties with Hispanic students. Additionally, he oversaw the production of the Spanish version of our career guide, “The Journalist’s Road to Success” and wrote grant proposals. The Newspaper Fund was honored with the first annual Glamann Award from the American Copy Editors Society at its annual conference in Denver. The award is named for Hank Glamann, a co-founder of ACES, who presented it to Dr. Ed Trayes, director of the Temple University training program for more than 40 years. The text of Ed’s remarks are on ACES’ Web site at www.copydesk.org We’d also like to thank all of our supporters and participants – hundreds of high school and college students, high school journalism advisers, summer journalism 3 workshop directors and college professors for their hard work. DJNF As we begin our second half-century, our alumni rolls contain some 20,000 2008 names. We are confident that the next 50 years will be as successful. Programs At A Glance Members of The Advocate 2008-2009 staff at New York’s Dr. Martin Luther King Jr. High School for Law, Advocacy and Community Justice. College Internships • Business Reporting - One training site: 9 interns from seven universities, eight news organizations • Sports Copy Editing - One training site: 10 interns from six universities, 10 news organizations • Online Copy Editing - One training site: 16 interns from seven universities, 16 news outlets • News Copy Editing - Seven training sites: 67 interns from 46 universities, 60 news organizations High School Journalism Workshops • 25 workshops, 18 states, 625 students High School Newspaper Project • Dr. Martin Luther King Jr. High School for Law, Advocacy and Community Justice • Children’s Press Line Teacher Awards Program • Karl Grubaugh, Teacher of the Year • Valerie Kibler, Distinguished Adviser • Ryan Gunterman, Distinguished Adviser • Renee Burke, Distinguished Adviser • Ann Visser, Distinguished Adviser • Susan Goins Newell, Special Recognition Adviser • Sandra Coyer, Special Recognition Adviser • Erin Coggins, Special Recognition Adviser Publications • Adviser Update – 5,500 copies distributed quarterly, 12 sponsors 4 • The Journalist’s Road to Success – 600 distributed DJNF • La Ruta Al Exito del Periodista – 600 distributed 2008 • In the Beginning; Reviving Scholastic Journalism School by School -- Online PDF 2008 Financial Report* DOW JONES NEWSPAPER FUND, INC. STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS AND CHANGE IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 2008 (Unaudited Financial Statement)* CASH RECEIPTS Contributions Dow Jones Foundation, Inc. $ 0 Scholarship Fund/Donations $ 9,101 Intern Training Grants from Newspapers $137,540 Total Contributions $146,641 Other Receipts Career Literature $ 6,500 Publication Sponsors $ 12,370 Interest Income $ 0 Total Other Receipts $ 12,370 TOTAL CASH RECEIPTS $165,511 CASH DISBURSEMENTS High School Teacher Programs Teacher Awards Program Student Scholarships $ 2,500 Teacher Awards Program Operating Costs $ 10,758 Total High School Teacher Programs $ 13,258 High School Student Programs High School Journalism Workshops $128,764 Workshops Writing Competition Scholarships