This is exciting! Huffington Post launched a new experiment yesterday- an Investigative Fund for journalism. The idea is that “This nonprofit Fund will produce a wide-range of investigative journalism created by both staff reporters and freelance writers”. As Arianna Huffinton writes:
For too long, whether it’s coverage of the war in Iraq or the economic meltdown, we’ve had too many autopsies and not enough biopsies. The HuffFund is our attempt to change this. It will also provide new opportunities for seasoned journalists who have been laid off or forced into early retirement.
The size of the fund is $1.75 million (1,32 million euro and 11,7 million NOK). Super energetic NY University professor Jay Rosen is also involved in the fund, Jeff Jarvis has already blogged his opinion about the fund.