One of the companies I worked for was an ESOP [0]. Has there ever been anything like that in terms of journalistic publications?
[0] https://en.wikipedia.org/wiki/Employee_Stock_Ownership_Plan
[0] https://en.wikipedia.org/wiki/Employee_Stock_Ownership_Plan
Though I’d note The Economist has staff and former staff as minority shareholders.
While there are successes, the total size of the industry has been declining.