Noted that everyone should watch video from Clay Shirky about role of journalism: http://www.niemanlab.org/2009/09/clay-shirky-let-a-thousand-flowers-bloom-to-replace-newspapers-dont-build-a-paywall-around-a-public-good/  

Main Question: Can, or will, there be room for a non-profit model of journalism? Can it provide news coverage?  

This one is not solved. Lots of questions came about in this discussion.  

Is there investigative journalism because the public demands it. If public doesn’t demand it will the current private, for-profit, model bother?  

If the for-profit model of journalism wants to survive perhaps a shift in advertising and revenue streams is required. Does a paper need to be physically printed 7-days a week? Will people still read once a week? Is the Internet ready to take over minor daily news and events.  

Can a non-profit panel or trust fund build trust in the public to provide journalism?  

There are such panels and trusts emerging. Another model is one where the reporter or news organization offers up a topic to be covered and asks for funding/donations.  

It was also thought that news organizations can't charge extra to keep things behind an online pay wall. Let people decide what really is the most imporant news, the news that they feel is vital.