Another new model for newspaper ownership

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Well, maybe it's not entirely, new, but I haven't seen it around here. The Point Reyes Light, a legend in West Marin, was just sold to a community-based group that's almost, sortof a nonprofit. It's actually called a "low-profit limited liability company" (not a bad name for most newspapers these days), and it's going to be operated as a community trust, of sorts. Mark Dowie, the well-known investigative reporter, is involved, so that's good news. And apparently, things weren't working out with the previous owner.

Among the donors: Warren Hellman, who's also involved in the (entirely) nonprofit Bay Citizen.