The Toronto Star’s John Honderich looks at five options for funding investigative stories in Canada. These are already relatively well-known examples among journalist/media commentators and bloggers, but Honderich’s post is an interesting read.

• Government funded or subsidised journalism
• Independent non-profit newsrooms, a la ProPublica.
• Using private foundations, such as Philip Stern’s the Fund for Investigative Journalism
• Participatory investigative journalism, e.g Spot.us
• Journalism students working in tandem with investigative reporters

Full story at this link…

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The stressed state of the US economy is causing advertising budgets to shrink – causing News Corp to miss its ambitious online revenue target of one billion dollars by ten per cent, Rupert Murdoch said yesterday.

Reuters reported that the media tycoon claimed Fox Interactive Media – which runs the online part of his US empire, including MySpace – will however have “well over” $1 billion in revenue in the 2009 financial year.

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Social network in a box, Ning, has raised 60m dollars in a fourth round of venture capital money from ‘unspecified institutional investors’ taking valuation of the company to 500m, according to Paid Content.

The company raised raised 44m last summer, which then valued the company at $170 million – says PC.

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