Broadway Federal Bank FSB, Los Angeles
Broadway Federal Savings and Loan Association was founded in 1946 by a group of civic-minded men and women who wanted to serve Black consumers who were ignored by all of the existing financial institutions or forced into high-interest loans. Broadway continues to fulfill the mission of providing conventional loans and training for minorities who want to enter the industry. Assets: $385,055,000.
This election season, the stakes are higher than usual — and so is the pressure on newsrooms to soften their coverage, stay quiet, or just disappear. Independent reporting, the kind that answers to readers instead of advertisers or political pressure, matters more in a moment like this, not less.
For over 14 years, Atlanta Black Star has stayed independent and reader-funded. We have no corporate owner and no shareholders telling us what to cover or how to cover it. That independence is also our biggest vulnerability: nothing protects it except readers choosing to fund it directly.
Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under in a moment like this, it's rarely the independent, reader-funded ones that get to stick around.
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