Share

Booker Prize for fiction secures new financial backer

Share

LONDON (AP) — Britain’s leading literary award, the Booker Prize, found a new financial backer Thursday after its sponsor of almost two decades pulled out.

Prize trustees said the Crankstart Foundation will become the sponsor in June. The charity was founded by Silicon Valley venture capitalist Michael Moritz and his wife, writer Harriet Heyman.

Crankstart has committed to funding the Booker Prize for English-language novels and the International Booker Prize for translated works for at least five years.

The prize’s previous sponsor, the investment firm Man Group PLC, announced last month that it was stopping its funding after 18 years.

Founded in 1969, the 50,000-pound ($67,000) Booker Prize was originally open to writers from Britain, Ireland and the Commonwealth. U.S. authors became eligible in 2014, a move that remains contentious.

Trending:
Anonymous Donor Steps Forward to Ensure Uvalde Families Won't 'Have to Worry About a Single Cost'

Anna Burns won the 2018 prize for her novel “Milkman.”

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Share
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation