Craig Newmark is still keeping most details of his next venture under wraps but in an interview says it will "promote the best of the press," prominently featuring people with the "best reputations."
"I want to help accelerate the evolution of the press because right now, newsrooms are cutting investigative journalists, and we need investigative journalists," Newmark said.
He said revenue could be generated through micro-payments, either through a pay-per-view system or through subscriptions. He would not state how the money would flow from readers to journalists.
"I think the American press overall does a great job, and I remind my citizen journalist friends that there's no substitute for professional writing, editing, fact-checking, and research," Newmark said.
The greatest area of trouble is that the press, particularly the White House press corps, "doesn't speak truth to power," he said. "They hear a lie. They know it's a lie. They concede it privately but don't report it as such."
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