Non-profit journalism

Does Britain need an equivalent to ProPublica, a non-profit newsroom launching early 2008? I think the States has a greater need, and we have the likes of OpenDemocracy already, but any comments?

Here’s an excerpt from Nonprofit Online News aboutProPublica:

“I’m not surprised to learn that the project is backed by some of the very same grantmakers whose vision has opened up opportunities for nonprofits and the Internet. Investigative journalism is clearly at risk and while I am intrigued by the choice of a former Wall Street Journal editor as its leader, I have a lot of hope for ProPublica. They understand exactly what role they could play in the renewal of democracy in the United States.”

ProPublica – Journalism in the Public Interest:

ProPublica is an independent, non-profit newsroom that will produce investigative journalism in the public interest. Our work will focus exclusively on truly important stories, stories with “moral force.” We will do this by producing journalism that shines a light on exploitation of the weak by the strong and on the failures of those with power to vindicate the trust placed in them.