HuffPost Starts 'Investigative Fund' To Hire Journalists

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Funny that it is new media saving journalists rather than the mainstream, all things considered.

"NEW YORK — The Huffington Post said Sunday that it will bankroll a group of investigative journalists, directing them at first to look at stories about the nation's economy.

The popular Web site is collaborating with The Atlantic Philanthropies and other donors to launch the Huffington Post Investigative Fund with an initial budget of $1.75 million. That should be enough for 10 staff journalists who will primarily coordinate stories with freelancers, said Arianna Huffington, co-founder and editor-in-chief of The Huffington Post."

Stories produced by the newly hired journalists will be available for re-posting just as any other piece posted on The Huffington Post. This move will swell the Post's current ranks of seven staff reporters.

Full story: http://www.huffingtonpost.com/2009/03/29/huffington-post-launches-_0_n_180498.html