The Fix Media
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Cracking the media management puzzle through insights, solutions and data.

▪️Website — http://thefix.media
▪️Newsletter— http://bit.ly/2Tsr0M9

Reach out: @thefixmediabot
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Last week, Slovakia’s Denník N announced its acquisition of Brussels-based EUobserver. We spoke with Tomáš Bella, Denník N’s co-founder and EUobserver’s new CEO, about the intricacies of the deal, the team’s plans to grow EUobserver, and his thoughts on a CEE publisher making an acquisition in Brussels.
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Russia’s strategy is to grind Ukraine down. For Ukrainian media, that means the most serious challenges are audience fatigue and economic disruption. We reflect on four years of the full-scale invasion.
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Resilience is often discussed in abstract terms, but for Ukrainian publishers in 2026, it is a daily operational requirement. Amid a winter of targeted infrastructure attacks, the industry is managing to innovate.

In our latest FixEd podcast episode, Anton Protsiuk sits down with Daria Trapeznikova (Forbes Ukraine, Rivni Media) to analyse the state of the market four years since the full-scale invasion began.

The conversation addresses how publishers sustain operations during blackouts, Ukraine's role as a testing ground for YouTube and Telegram revenue models. Plus, Miraslau Chyhir told us how The Fix Foundation supports independent newsrooms in need.

🎧 Listen to the full episode on YouTube or your favorite podcast platform:

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In 2022, the priority for Ukrainian media was survival – helmets, bulletproof vests, and emergency funds to keep the lights on. Today, the challenge has shifted to long-term sustainability.

In the latest episode of FixEd, we spoke with The Fix Foundation’s Miraslau Chyhir about the support the Foundation – The Fix Media’s sister organisation – provides to Ukrainian media.

Key points from our conversation:

▪️The Fix Foundation’s support for Ukrainian media started as emergency response in 2022, when approximately four million euros were raised for the sector – around three million went to sustain six months of operations for 13 leading national outlets, covering roughly 75% of their needs, alongside urgent safety supplies like bulletproof vests and helmets.

▪️Over four years, the work evolved from crisis mode to structured support. Since 2024, the Foundation has supported more than 400 journalists and approximately 113 media organizations overall, with 58 media supported in 2025 alone through the Voices of Ukraine program (run with the European Centre for Press and Media Freedom).

▪️The core of current support is flexible technical equipment grants – up to €10,000 per media organization and €1,600 per journalist or freelancer. Newsrooms define what they actually need: in summer, it’s phones, cameras, and microphones; in winter, it’s power stations, batteries, and power banks to keep working through blackouts.

▪️Energy resilience remains the most critical need. Miraslau shared a story of a regional newsroom where work was entirely dictated by the blackout schedule until they received a portable power station – and a broadcaster that switched to a generator moments before a live program after a power cut.
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The Fix Foundation, in partnership with the European Centre for Press and Media Freedom (ECPMF), is continuing technical assistance for Ukrainian media outlets and journalists through the “Voices of Ukraine” programme.

The goal is to provide material support to Ukrainian media that continue to work inside the country, ensuring their uninterrupted work in conditions that put their lives at risk.

Priority is given to regional, frontline, and hyperlocal media. Support focuses on reliable power and connectivity, including generators, power banks, and communication tools, to ensure stability and continuity during power cuts.

💳 Grant support per journalist is approximately €1,600, and up to €10,000 per media organisation.

🗓️ Deadline: 16 March

📜 Details

👉 All types of media are invited to apply HERE
📰 Last week, we found out why the Slovak daily Denník N acquired EUobserver, and explained how Russia tries to grind down Ukraine’s society and its media.

📍 Check out ways you can support our work with membership options.

📍 Sign up to get the latest media-related news in your mailbox every Monday!
In February, Russia began blocking Telegram, one of the country’s most popular messaging and blogging platforms across the political spectrum. The strongest backlash came from the platform’s most privileged users: pro-Kremlin voices. The Fix’s Veronica Snoj looked into this standoff.
The MEDIA BLEND HACKATHON 2026 will take place in Vienna on 4–6 May.

It is a hands‑on, three‑day event where journalists, editors, and product and business leads prototype new, sustainable business models for their media organisations.

👉 Apply HERE.

€5,000 kick‑off grants for 3 winning teams, travel support for selected finalist teams, mentorship, pitch coaching, and a digital simulation game to stress‑test your ideas are up for grabs.

Teams of 2–4 from media organisations in eligible European countries aiming to address challenges like revenue instability, audience retention, or over‑dependence on a single funder or platform are invited to participate.

📅 Apply by 15 March (applications are reviewed on a rolling basis).

💬 Questions: mediablendhack@gmail.com
For Ukrainian journalists, this winter turned into a battle for both information and basic warmth. As strikes on the power grid coincide with record frosts, newsrooms are finding ways to operate in near-total darkness. We discussed how they survive with Alona Serhiienko, CEO of @Cukrcity, and Vsevolod Sevastianov, Partnerships Manager at @Babel.
Amid Russia’s recent crackdown on Telegram, the loudest complaints didn't come from independent reporters, but from pro-Kremlin military bloggers who had built audiences that only a few major independent media outlets and figures can match on the platform, but now face audience declines of up to 15%.

📍 Learn more about Moscow's war on information in Veronica Snoj's latest piece.
Zetland has been one of the leading reader-funded digital publishers in Europe. Over the past few years, they have successfully expanded their model from Denmark's home market to Finland and Norway by launching sister publications Uusi Juttu and Demo, respectively.

Zetland’s co-founder and international director, Jakob Moll, joins The Fix’s senior editor, Anton Protsiuk, to discuss their international expansion, including the plan to launch in Germany, as well as where AI helps in global growth.

🎧 Listen to the full conversation on YouTube or wherever you get your podcasts:

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In 2020, a new Italian media outlet launched with a radical premise: no website, a newsroom with an average age of 25, and a laser focus on social media. That outlet, Will, has since grown to 80 people with €11 million in annual revenue, proving that it had tapped into a long-neglected shift in how younger audiences consume news.

Will’s success wasn’t just about being on Instagram; it was about reimagining news for the platform. "We paid special attention to topics that matter most to our audience, but we also reframed broader issues," says Francesco Zaffarano, Will’s Executive Audience and Content Strategist. For instance, they approached Italy's cost-of-living crisis not from the perspective of property-owning families, but of young professionals struggling in unstable rental markets.

Initially dismissed by critics for oversimplifying complex topics, Will’s approach was ultimately imitated across the industry. Zaffarano defends their model: "Traditional news can feel like jumping into a Netflix series at season four, episode six. You lack context. If you simplify without dumbing down, that’s a public service. We lower that barrier to entry.”

The business model is equally disruptive. Around 70% of revenue comes from sponsored content created by the same journalists who produce their editorial work, ensuring consistent quality. While this has raised questions of independence, Zaffarano counters that they've "turned down a lot of offers" from companies whose values don't align.

Living entirely on third-party platforms has its risks. "At a certain point... Meta began penalising IGTV, which had been our best-performing format. We quickly had to adjust," Zaffarano recalls. This vulnerability forced diversification, and today Will has a robust presence across TikTok, YouTube, and WhatsApp. "If Instagram disappeared tomorrow, it would hurt, but it wouldn’t be fatal."

While Will thrives, Zaffarano is concerned about the industry's inertia. "Italian media still hasn’t woken up," he warns. "If other outlets don’t start investing strategically in innovation, they risk fading away."

Will's story offers a powerful case study in meeting audiences where they are, both in format and perspective. What can legacy media learn from social-native upstarts like Will?

📍 Read the full article on our website to explore their strategy in more detail.
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📰 Last week, we looked into the side effects of Moscow's Telegram slowdown, and learned about Zetland's global ambitions.

📍 Check out ways you can support our work with membership options.

📍 Sign up to get the latest media-related news in your mailbox every Monday!
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In a news ecosystem saturated with content, Página Internacional is betting on curating top-notch international journalism. Romain Chauvet spoke with co-founder and editor Xavier Orri Badia.
Russia’s “voenkory” are a media community of pro-war reporters and military bloggers that has gained significant influence since Russia’s full-scale invasion of Ukraine in February 2022. Despite their ideological bias, they continue to provide information about the war that is difficult to find elsewhere, Veronica Snoj writes in her latest article for The Fix.
Independent newsrooms across the world face mounting financial, political, and digital pressures. But what does effective support actually look like?

In this episode, Orsolya Seregély speaks with Ryan Powell, Head of Innovation and Media Business at the International Press Institute (IPI), about how newsrooms navigate crises, what sustainable media support requires beyond funding, and why innovation is central to long-term press freedom.

🎧 Listen to the full conversation on YouTube or wherever you get your podcasts:

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🇵🇱 As Poland's economic and political significance has grown, so has the need for nuanced, English-language reporting on the country. Filling that gap is Notes from Poland, an outlet that has evolved from a personal blog into a professional non-profit newsroom serving a global audience.

The project began in 2014 but found its mission after the 2015 governmental change created a surge in demand for context-rich news. "It's very important for us to provide context, background, and history in some cases to help people understand," says editor-in-chief Daniel Tilles. "It's not enough just to report on what's happened today."

The team's unique composition—a mix of Poles and foreigners, insiders and outsiders—allows them to bridge cultural and political divides. Their audience reflects this, comprising immigrants, the Polish diaspora, diplomats, and even Poles seeking a more balanced perspective than offered by partisan local media.

While the outlet relies on a mix of grants and reader donations, it faced a near-catastrophic funding crisis this year when its largest grant was cancelled unexpectedly. The crisis was a stark lesson in financial vulnerability. "We've realised from the crisis we had this year that we were too reliant on a few sources of funding," Tilles explains.

A swift response from 400 individual donors and a new foundation saved the outlet, highlighting the power of a loyal community. Now, Notes from Poland is strategically diversifying its funding model for 2026, exploring revenue-generating activities like events and advertising partnerships to ensure long-term sustainability.

What strategies are most effective for niche, non-profit media to achieve financial sustainability?

📍 Read the full article on our website to learn more about their journey.
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🖨️ Inspired by The Onion, France’s top satirical outlet Le Gorafi is soon launching its print edition. Romain Chauvet spoke with founder Sébastien Liebus about how Le Gorafi is doing, and why it chose to venture into print.
Amidst changing news consumption habits, Ukrainian media outlet 24 Channel adapted a familiar social media format to successfully boost retention and viewing depth.

The Fix discussed @channel24_ua approach and its pros and cons with Head of Digital Denys Zelenov.
First, Russia’s censors came for independent journalists; now they are also targeting those reading them. In a new piece, we review key points from a recent study on the state of Russian independent media in exile, published by JX Fund with the support of The Fix Research and Advisory.
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What does diversity in media actually mean in day-to-day newsroom practice — and why does it matter now more than ever?

In the latest FIxEd podcast episode, Orsolya Seregély speaks with Marcela Kunova, Managing Director of Journalism UK, about gender inequality in media leadership, structural barriers to ownership, access to funding, sponsorship culture, and the business case for diversity

They discuss why tokenism fails, how newsroom culture shapes editorial priorities, and what meaningful progress on gender equality in media could look like in the next five years.

🎧 Listen to the full conversation on your platform of choice:

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