From South Africa’s The Media Online comes an interesting overview of non-profit investigative news outfit ProPublica.
Reporter Peta Krost Mauder spoke with founder and executive chairperson Paul Steiger, previously a managing editor at the Wall Street Journal. He acknowledged that the Internet has destroyed the business model of high-quality print journalism and that non-profit is just one of several new ways to go:
Steiger has approached numerous philanthropists and convinced them that a portion of their money would be well spent on investigative journalism. “It is a fine way to spend their money because investigative journalism allows [the] public to fix problems of which they would otherwise be unaware,” says Steiger. “Investigative stories are always in the public good…”