Woot, ProPublica! LA Times, fail. A win for not-for-profit news.

From Journalism.co.uk:

Yesterday afternoon it emerged that two more journalists would likely be leaving the LA Times, but not as a direct result of the editorial cuts.

According to LA Observed, Pulitzer Prize winning investigative reporters Charles Ornstein and Tracy Weber will be leaving the paper later in the summer to join the not-for-profit investigative start up ProPublica.

Increasing shareholder value is orthogonal to the mission of journalism.  We’re here to enable democracy, not to make a buck.  This may be bad news for the LA Times, but it’s good news for the future of journalism.