Los Angeles Times
Former Los Angeles Times religion writer Bill Lobdell has teamed up with ex-con man Barry Minkow to launch iBusinessreporting.com. Their plan is to short-sell many of the companies they investigate. "This notion of a profit-motive near the heart of journalism has a lot of reporters shaking their heads," writes James Rainey. "My former colleague argues that investigative journalism has withered so badly as mainstream news outlets contract that it's worth trying unorthodox business models." Rainey says he'll "be looking on skeptically."