Down in Austin, a Venture Capitalist's About to Get in the (Online) State Newspaper Business

Six paragraphs into this Burnt Orange Report item this morning, which deals with the dwindling number of reporters covering State Capitol doings, there's this intriguing nugget:

Sources say publishers and editors have ratcheted up their efforts to come up with news while cutting staff. Additionally, word that Austin investment guru and innovative thinker and businessman John Thornton will soon begin publishing a Texas online newspaper has these same editors and publishers worried.

Thornton's a general partner in Austin Ventures on 6th Street; here's his official bio, worth reading this morning in advance of the chat we may have later with him today. A message's been left for Thornton, who's in partner meetings this morning, but Unfair Park has learned that he is indeed gearing up to launch such a venture sooner than later. Developing.


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