Independent media in Central and Eastern Europe (CEE) stands at a crossroads, facing political pressure, shrinking revenues and digital disruption. Yet for investors this is also a moment of opportunity. Strengthening the region’s media resilience is not only about safeguarding democracy but also about unlocking untapped potential for growth, innovation and impact.
Commissioned by the Centre for International Private Enterprise (CIPE) and the Centre for International Media Assistance (CIMA), this new FT Strategies report explores how public, private and philanthropic capital can work together to finance independent media and why doing so is vital for both democracy and markets.
What’s inside the report
- Investor attitudes revealed: Insights from financial institutions, foundations, venture funds and media owners on the opportunities and barriers to investing in CEE’s media landscape
- The case for blended finance: How combining philanthropic, public and private capital can reduce risk and attract new funders to the sector
- Beyond legacy media: Why investors are calling for a broader definition of “media”, including digital-first platforms, media-tech firms and niche community outlets
- Shifting the narrative: Reframing independent media as essential social infrastructure that underpins democratic resilience and regional security
- Action plan for the next decade: Practical recommendations to refine investment theses, map markets and design new vehicles that deliver both social and financial returns
Who should read it
- Impact investors and fund managers exploring new blended finance opportunities
- Philanthropic organisations supporting democratic resilience
- Policy makers and EU institutions shaping the future of independent journalism
- Media leaders seeking sustainable business models for growth
