New impact investment vehicle for independent media, Pluralis B.V. launched
Pluralis B.V., an impact investment vehicle for media companies that provide independent, quality reporting in countries in Europe where a plural media is at risk, was launched on 29 November.
In many parts of Europe, independent news media are under growing pressure, with plurality under threat and misinformation rising. The past decade has seen a wave of ownership takeovers across the region. The objective of the new organisation is to support the plurality of news across Europe and to help preserve the editorial independence of the media landscape.
Pluralis brings together a coalition of European media companies, foundations and impact investors, at the initiative of New York based Media Development Investment Fund (MDIF), King Baudouin Foundation, Tinius Trust and Mediahuis.