Emanuel Michael Sacks’ ally creates a grant for audiovisual journalism
GCM Grosvenor CEO Michael Sacks will partner with Northwestern and two other universities to create a scholarship for students interested in broadcast and podcast journalism, according to a statement from the Sacks Philanthropic Foundation.
Sacks, a longtime confidant of former Mayor Rahm Emanuel, will donate $ 315,000 to establish the Luminary Scholarship, which will support selected students at the School of Communication and Journalism at the University of Southern California, The Arthur L. Carter Institute of Journalism, New York. University and Northwestern University Medill School of Journalism.
Each university will partner with a local show or public radio station to offer a paid internship, where students can research and produce podcast journalism.
“Every day we are surrounded by a multitude of stories waiting to be told, and this generous scholarship will allow Medill students to deepen their skills in telling these diverse stories in meaningful ways for listeners,” said Medill Dean. Charles Whitaker.
Sacks has been active in Chicago’s political and media scene and considered investing in Tribune Publishing, the parent company of Chicago Tribune, in 2018. In addition to being one of Emanuel’s most trusted advisers, he has also played with a mayoral candidacy but decided to stick to it.
The exchange itself is named after the podcast streaming company Luminary Media, where Sacks is chairman of the board. The company, started by Sacks’ son Matt last year, is called Netflix for podcasts and has attracted a surprising $ 90 million investment.
The funding, which comes from the Sacks Family Foundation and not Luminary, will maintain the scholarship for three years, at which time the program will be reviewed for renewal.