According to The Knight Foundation
, American newspapers have cut 10,000 journalists from their newsrooms in the past 10 years. Across the country newspapers are struggling to develop successful business models in the growing stronghold of digital media. In an effort to stanch the decline of high-caliber investigative journalism that requires resources not afforded the average blogger, the foundation has announced a $15-million initiative to endow projects developing new economic models for investigative reporting on digital platforms.
"We're awash in information, yet it seems to be getting harder to find good investigative reporting," Eric Newton, Knight Foundation's VP for journalism, said in a statement.
Through grants offered by the foundation he hopes to "help pioneer models that help keep this important journalism flowing."
Some recipients of the grants include the Center for Investigative Reporting, News 21, Boston University, and Investigative Reporters and Editors.