The new June print issue of WORTH Magazine, in its Worth Five Minutes section, speaks of a journalistic "moral force" entering the marketplace of ideas. Backed by a $10 million startup budget and the "philanthropy journalism" leadership of Herbert and Marion Sandler, ProPublica will attempt to lend some dignity to what otherwise has become a vulgar brawl. Paul Steiger, the former editor in chief of the Wall Street Journal, will run the editorial side and Richard Tofel will be the general manager. Since they have a clear mission that does not involve generating revenues, they anticipate they will be able to talk about all the centers of power in American society, not only government and business, but also labor unions, the courts, science, medicine, universities, foundations, and the media themselves. I'm looking forward to it.
It has eight categories for site feeds, and you can follow it on Twitter (I was number 8). It's so odd that its title and its tagline, ProPublica: journalism in the public interest, is not redundant.
They're augmenting the mission of the blogosphere, and with a much larger budget than most of us have had.