It has come to this: Arianna Huffington is saving journalism. In all
the mourning and mewling over the impending death of newspapers, the
oft-heard cry is that without them, there will be no investigative
reporting, no one to dog the powerful. But now the indefatigable
founder of The Huffington Post comes riding to the rescue with a new,
not-for-profit arm to fund investigative journalism out of foundation
and public donations. It starts with $1.75 million.
“In the two biggest stories of our recent time—the war in Iraq and
our financial meltdown—investigative journalism did not fulfill its
mission,” Huffington told me in an interview for the inaugural Guardian
Media Talk USA podcast. “We all have a real stake in not only
preserving what investigative journalism is but in making it better.”
No one can accuse Huffington of a lack of ambition.