The Bay Area News Project will launch in the next few months with only 15 employees.
The nonprofit Web newcomer has a $5 million donation to work with from multimillionaire investor Warren Hellman who wants to "prop up journalism in his hometown." The New York Times has lined up to run stories in its twice-weekly Bay Area pages and will rely on paid interns from one of its partners, UC Berkeley and the Graduate School of Journalism.
Read more at the LA Times.