The Public Media Trust is the body that would promote diversity in the press. It would fund investigative units like the Bureau of Investigative Journalism. It would fund jobs for young journalists in a way that's been developed in the Netherlands, and it would also promote new start-ups under different forms of ownership, and provide support where there is a demonstrable need.
This is targeted towards the local press. Local newspapers are closing. Local newspaper offices within newspapers are closing. There is a growing problem in the local press that people in London tend not to notice. It is extremely important in terms of the health of our democracy that something be done about the crisis in the local press, and our proposal is a way of trying to inject money into a flagging sector.