My greatest fear with the challenges that newspapers face is the lack of
lengthy, rigorous investigative reporting. I doubt that the next
Woodward and Bernstein will be Twitter users: “OMG, R. Nixon’s flunkies
broke into Wtrgte Htl.” Somebody has to pay for this kind of reporting, and
if the public won’t, I hope foundations do.
One problem: Many foundations get their wealth from the very same people or companies that are targets of muckraking journalists.