Huffington Post Launching Investigative Fund for Journalists

The Huffington Post will be following the trend of foundation-backed journalist that will keep investigative reporters paid during these hard times in the news industry.
The news site Huffington Post is about to launch a $1.75 investigative fund for journalists. The announcement came on Sunday that the news site will bankroll a group of investigative journalists. Co-founder Arianna Huffington is hoping to help laid-off journalists keep on the news beat.

The Huffington Post is one of the largest digital media current affairs sites. It is only four years old with more than 4 million unique readers a month.

Arianna Huffington
is quoted by the Guardian:

“All who recognise the indispensable role good journalism plays in our democracy are looking for ways to preserve it during this transitional period.”

Last year during the presidential elections in the United States the HuffPo made a huge stir. One of the projects OffTheBus assembled 12,000 citizen journalists to collect and analyze data from across the nation. The project was the brainchild of Amanda Michel. At the beginning of 2009 Michel left the Post.

Nick Penniman will be heading the Washington-based unit. He is the founder of The American News Project, launched last year to for independent video journalism for the Web.

AFP
reports:

“I’m looking forward to producing journalism that can have an impact, and that incorporates the best of traditional journalism and the tools of new media and distributed journalism,” Penniman said.

Senior advisor for the project will be Jay Rosen, associate professor of journalism at New York University. The Stabile Center for Investigative Journalism at the Columbia University Graduate School of Journalism will also be involved in the $1.75 million project that will kick off with examining issues with the economic crisis.

Additional funding is coming from The Atlantic Philanthropies, a foundation with a multi-billion-dollar endowment that it has to spend by 2020.

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