Writing in the HuffPost, he says:

The future of journalism is not about some single new-fangled product and company taking over from the old-fangled and monopolistic predecessor. News come from a broad ecosystem with many players adding in under many models for many reasons. News organizations will organize news in this diverse new framework, aggregating, curating, organizing. Laid-off journalists are starting blogs, alongside other bloggers. Some people will volunteer, podcasting their school-board meetings, just because they care. When we demand transparency from government as a default, data will become part of the news ecosystem we can all examine. Some of this will be supported by advertising, some by contributions from foundations, some by contributions from individuals, some by volunteer effort. And it will all add up to a new pie, one slice of which will be efforts such as the one HuffPost is announcing.

Footnote: AP report of the HuffPost venture says:

The Huffington Post is collaborating with The Atlantic Philanthropies and other donors to set up a $1.75 million fund to pay staff journalists and freelancers.

The investigative fund will direct reporters to look first at stories about the nation’s economy.

Feisty piece by Rachel Cooke

Make no mistake, this is a crucial time. If those of us who love books, and libraries, and believe they are a vital, beautiful and cherishable part of our cultural and social heritage, take our eye off the ball now, we will regret it. We must make a fuss, and we must name and shame those who are set on destruction. “We need to say that these cuts are entirely wrong,” says Shirley Burnham, who is leading the campaign to save the Old Town Library in Swindon. “I compare it to sub-prime mortgages: if someone had said something forcefully, at the time, we would not be in the mess we are in now. People need to realise that once something is gone, you never get it back. Libraries are like train stations in that respect.”

Thanks to Lorcan Dempsey for the link.