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Banyan Project has been vaporware for 6+ years unfortunately. Look at Taz.de or La Marea for examples of working media coops.
Has taz.de got a co-op style business model? I never knew…! Can you post a link with some background info?
Very interesting, I really like this idea. People and communities have to fight back against corporate media. I would love to be part of something like this in my community.