Media News - Wednesday, March 25, 2009

Two WSJ reporters launch new company

Wall Street Journal reporters Sue Schmidt and Glenn Simpson are leaving the paper to launch a new company where they'll do investigative work for private clients. It's a big loss for the Journal, and could be a harbinger of things to come, as investigative reporters dealing with less space in major newspapers begin looking outside the industry. In addition to the new company, SNS Global LLC, the two top journalists will also be affiliated with the International Assessment and Strategy Center, a nonprofit foundation focused on security issues. Schmidt, a Pulitzer Prize-winning reporter who only joined the paper last year from the Post, told POLITICO that she and Simpson are 'sort of shifting gears.' However, she said, they'll still be investigating areas they covered while doing traditional journalism - everything from counterterrorism to international organized crime. Newspapers across the country have been scaling back investigative reporting, one of the costliest and time-consuming areas of newsgathering, while pushing for shorter, newsier pieces. (Politico)

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