Knight of the Newsroom

Grant maker seeks to shake up journalism and philanthropy

With newspapers across America hemorrhaging revenue and readers, Alberto Ibargüen has been billed as a kind of savior. As president of the John S. and James L. Knight Foundation, one of the largest grant makers to support journalism, senators sought his advice in May for a panel about the future of journalism, while the title of a recent Forbes magazine profile of Mr. Ibargüen asked: "Can this man save the news business?"

At the same time he is shaking up the news

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