Since its September 2009 debut, the fund has produced about 50 stories, many focused on uncovering banking practices that led to the nation's financial crisis and on the health care industry's convoluted claims process. To Penniman, it makes perfect sense for media groups to forge alliances with large foundations. "Because investigative journalism is the most expensive and time-consuming, in my mind it will forever be the province of the nonprofit world," he says.
Investigations with Impact Karen Carmichael American Journalism Review; Spring 2010; 32, 1; Docstoc pg. 8 Reproduced with permission of the copyright o
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