Award-winning business journalist Christopher Carey is leaving the St. Louis Post-Dispatch to start a new investigative business journalism site, Sharesleuth.com, devoted to exposing stock fraud and corporate malfeasance.
The venture is being backed financially by Dallas Mavericks owner Mark Cuban, a billionaire entrepreneur whose current holdings include HDNet, HDNet Films, Magnolia Pictures, 2929 Productions and the Landmark Theatres chain.
It sounds promising. I've been wondering how investigative journalism could survive in an era when the mainstream media seem cowed by the Bush administration and hamstrung by the financial interests of their corporate owners. Perhaps enterprising reporters like Carey and "investment angels" like Cuban will help create a new model of journalism.
As reported in Talking Biz News and in Romanesko's PoynterOnline blog, Carey's blog-style news site will spotlight "questionable companies and activities, and dig deeply into the people and tales behind them." Sharesleuth.com will take a multimedia approach, using the Web and Cuban’s television network and movie-production capabilities.