Media Finance Monitor

Media Finance Monitor

US government money is back. Europe will not like what it funds.

Three million dollars to drive the EU crazy, no questions allowed from creators, our big and beautiful new website, scaling local news and 33 active calls.

Peter Erdelyi's avatar
María Paula Ángel Benavides's avatar
Peter Erdelyi and María Paula Ángel Benavides
Aug 27, 2026
∙ Paid

Welcome!

This week on Media Finance Monitor

  • US government money is back. Europe will not like what it funds.

  • The EU will admit creators, but they are not allowed to ask questions

  • We have a website!

  • How a UK local news network learned what scales and what doesn’t

  • 33 active calls (6 new)


Media Finance Monitor is where newsroom leaders, funders, and media entrepreneurs come to understand how money moves through the information ecosystem. We decode funding, business models, policy, and platform shifts and turn them into strategies you can actually use.

Paid subscribers get premium editions, full access to the archive and all our research reports, for about the cost of a pistachio éclair and a good espresso a month.

For deeper engagement, our Partnership Program offers one-on-one strategic advisory, curated briefings, and access to our internal databases and invite-only events.


US government money is back. Europe will not like what it funds.

(by Peter)

Let’s start with “I told you so” because that’s such a universally graceful look.

In February 2025, as USAID implementing partners began receiving termination notices, I made a prediction: the Trump administration would not simply abandon foreign assistance, including support for the information ecosystem in Europe but rather replace the programmes and people it disliked with ones more inclined to agree with it. This was based on the assumption that Donald Trump, Marco Rubio, JD Vance and the upper ranks of MAGA were not actually in the business of reducing their own power. Now here we are, almost exactly 1.5 years later and I’m happy to report that I was right. (If you must know, it’s not a humbling experience at all, if anything, it’s the opposite.)

A few weeks ago the State Department’s Bureau of Democracy, Human Rights and Labor (DRL) published two calls for Europe, for a little less than $3 million combined, and it will fund projects that I can guarantee most of the EU institutions and European media will dislike.

Today we’ll get into what the Trump administration is trying to fund, why I think there is not going to be a lot of competition despite the formally open calls and I will even tell you who I think will be the most likely recipient of this money.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Center for Sustainable Media · Publisher Terms
Substack · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture