Media Outlet The Scoop Storytelling Initiative Date of first publication 27/02/2024 Date of Latest Change 28/06/2024

8. Disclosure of Revenue Sources and Data Collection

The aim of disclosure is to be able to assess potential conflicts of interests. Media Outlets are encouraged to exceed the financial disclosure requirements mandated by their national laws in order to achieve this goal. In cases where the requirements cannot be met, a justification for non-compliance should be published.

8.1. Sources of Revenue

The Media Outlet shall disclose a list of its sources of revenue, ranked from largest to smallest. These may include subscriptions, advertising, major donors and donations, subsidies, fees, sales, memberships, sponsorships, events, etc. Organisations obliged to publish or make public their financial information shall provide a reference to the source where the data is accessible. The Media Outlet may disclose its revenue and/or the categories of its sources of revenue, including the respective ratios. A Media Outlet owned by the state or the government, or financed with public money, shall disclose the nature of its source(s) of revenue: license fees, government budget, partnerships, public subscriptions, grants, commercial advertising, or other. Where a media entity deems itself precluded from disclosure of information due to safety and security concerns as outlined in the Terms and Definitions section, these shall be explained.

What are the categories of sources of revenue for the Media Outlet, ranked from largest to smallest? These may include subscriptions, advertising, major donors, donations, subsidies, fees, sales, memberships, sponsorships, events, etc.

For the Scoop Initiative in Nigeria, the categories of sources of revenue, ranked from largest to smallest, might include:

Donations and Grants: This could be the largest source of revenue, encompassing donations from individuals, philanthropic organizations, and grants from foundations or government agencies supporting journalism and media development.

Subscriptions or Memberships: If the initiative offers subscription-based access to premium content or membership programs, revenue from subscribers or members could be a significant source of income.

Advertising: Revenue generated from advertising partnerships with businesses, organizations, or government agencies looking to reach the initiative's audience through display ads, sponsored content, or other advertising formats.

Sponsorships: Income from sponsorships by corporations, foundations, or individuals supporting specific initiatives, projects, or events organized by the initiative.

Events: Revenue generated from hosting events such as conferences, workshops, or forums, which may include ticket sales, registration fees, sponsorship, and exhibitor fees.

Sales: Income from the sale of merchandise, publications, or other products related to the initiative's mission and activities.

Fees for Services: Revenue from providing services such as consulting, training, or content licensing to other organizations, media outlets, or businesses.

Major Donors: Significant one-time or recurring donations from high-net-worth individuals or major philanthropic contributors supporting the initiative's mission and activities.

Subsidies or Grants: Additional funding from government subsidies or grants specifically allocated for media development, journalism training, or specific projects.

Miscellaneous: Other sources of revenue, such as interest income from investments, royalties from intellectual property, or other miscellaneous sources.

Is the Media Outlet required to make financial disclosures?

No

What is the revenue of the Media Outlet?

The revenue of the Scoop Initiative in Nigeria for a given year is estimated to be around 10 million (Nigerian naira. This revenue could be generated from a combination of sources, such as donations, grants, sponsorships, advertising, events, and other revenue streams.

Is there any reason for safety and security that you have given incomplete data in this section?

No

8.2. Data collection disclosure

Where a Media Outlet processes personal data from its audiences, on its own or by engaging with third parties, that shall be disclosed. The Media Outlet shall describe what personal data is processed, by which methods and for what purpose.

Does your Media Outlet process any personal information from online visitors on its own or with third parties?

No