November 1, 2007

Financier Backs Project to Beef Up Investigative Reporting

By Suzanne Perry

Herbert M. Sandler, who has decided to spend part of his fortune — up to $30-million over the next three years — on a new nonprofit investigative-journalism venture, has been stewing for some time about what he considers the poor performance of the country's newspapers and broadcasters. Among his gripes: too much focus on celebrities like Britney Spears, not enough on serious issues like the war in Iraq or global warming; failure to uncover bad actors in a timely way