Non-profit news ventures go big time

First of two parts. The second part is here. The founder of the Chi-Town Daily News, a pioneering grassroots journalism project, happened to phone last week shortly before word got out that a wealthy businessman had donated $5 million to launch a major non-profit news venture in San Francisco.“I can’t believe it,” said Geoff Dougherty, whose non-profit news venture ran out of money at summer’s