It doesn’t exist until tomorrow, but that’s not going to stop SalaryTK from pointing out the newest hot thing in unpaid journalism, per the New York Observer:
Its staff, led by Faster Times’ founding publisher and editor in chief Sam Apple, 33, will consist of several dozen editors and writers, including correspondents in 20 countries worldwide. At launch, the site will consist mainly of commentary, but somewhere down the line, Mr. Apple wants the Faster Times to offer original reporting….
“The staff will not be drawing salaries. Instead, writers will earn 75 percent of the revenue brought in through ads sold against their individual pages, while editors will get 10 percent of the revenue drawn from all the pages they oversee and be rewarded with a percentage of equity in the company.
