Is philanthro-journalism the way forward?

An excerpt from a well-researched, thought-provoking feature in a recent issue of The Economist:

Readers and advertisers have switched to the internet. Profit margins have shrunk or vanished. Papers are dying and journalists being sacked. Costly foreign and investigative reporting has been particularly squeezed, as has local news. One increasingly popular — if limited — response to these travails is the sort of “philanthro-journalism” long practised elsewhere...

Read the article in its entirety here: "Reporters without orders".

Also read, in the same issue, "Non-news is good news" (The threat of the internet has forced magazines to get smarter).