Some veterans of the digital news industry are iseeking financial backing for their start-up, currently called Prism. The company’s goal is to provide a platform for interested groups–from civic leaders to former journalists–to publish a news Web sites that can offer coverage equivalent to a daily newspaper. Prism will operate on a for-profit, franchise model, and is designed to help franchisees compete in large markets with a combination of original content and news aggregation.
You can read the full article about Prism at the Portfolio website.