Beleaguered magazine the Texas Observer saved by $300,000 crowdfunding campaign
Long-running investigative journalism outlet the Texas Observer has been spared from closure by a last-minute crowdsourcing campaign that raked in more than $300,000 in just two days. The board of the nonprofit Texas Democracy Foundation, which runs 68-year-old progressive magazine, announced plans Monday to fire its staff and stop publication, citing ongoing financial problems. The following day, James Canup — the Observer's chief fundraiser — set up a GoFundMe campaign to keep it afloat.
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