As newspapers continue to swoon in the face of economic troubles, many are looking to foundation-based journalism to assume the task of preserving the hallowed institution of long form investigative reporting. And while this model faces challenges of its own, namely proving its objectivity to potential supporters before receiving funding, it offers a compelling opportunity to serve the public by employing journalists and allowing them to pursue the stories that need to be told.

With that in mind, we were excited to see the Huffington Post leveraging its online presence and credibility to help seed a $1.75 million venture for journalists. The Guardian reports:

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