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The University of Louisville, facing a $48 million budget deficit, announced earlier this summer that it plans to stop purchasing ads in the campus newspaper, The Louisville Cardinal. That money had been 41 percent of the paper's $146,000 annual budget.
The Torch, the award-winning student newspaper at St. John’s University in Queens, New York is using crowdfunding to pay off debts rather than give up its decades-long status as an independent publication.