Paul Steiger announces nonprofit news project

Paul Steiger, Current TV, AOL

Paul Steiger, Current TV, AOL

Ups

Paul Steiger, former Wall Street Journal editor, announces plans to lead a new nonprofit project dedicated to providing investigative reporting to news outlets

The IAPE, the union representing Dow Jones workers, votes overwhelmingly to approve a new contract offer after a contentious battle with the company

Current TV relaunches its Web site with improved social networking and online video capabilities

Downs

Washington Post war correspondent Salih Saif Aldin is shot to death while on the job in Baghdad

AOL says that it will cut 20% of its global workforce as part of its plans to transition into an online advertising-focused company

The Detroit Free Press and Detroit News plan to cut 110 jobs, or 5% of their total staff, citing declines in advertising

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