"Today we are committing $1 million, which will be divided equally amongst the National Association of Black Journalists, the National Association of Hispanic Journalists and the Asian American Journalists Association, to fund scholarships for future journalists. We're very excited about this pledge," CNN News Group president Jim Walton announced at the World Report Conference this morning.

Walton said CNN feels that "we need to have people with diverse thought challenging us, in the planning of what stories to cover, who to interview, what questions to ask, and we feel this is a start, to continue to grow our fine profession."

> The donation will create a "CNN25 Scholars Program," the press release says.