Paul Steiger, a former Wall Street Journal editor, and a pair of wealthy Californians are assembling a team of investigative journalists who will give away their work to media outlets. The nonprofit group, called Pro Publica, will pitch each project to a newspaper or magazine which they believe will make the strongest impression.
The initiative is being funded to the tune of $10m (£4.9m) a year by Herbert and Marion Sandler, the former chief executives of the California-based savings and loans outfit, Golden West Financial Corporation. They are major Democratic party political donors and critics of President Bush. (Via New York Times)
