And The Texas Tribune has the same reputation on the local level, with coverage of the Lone Star State that is commonly cited as a model for nonprofit news startups.Now they are coming together to launch a co-branded investigative reporting unit. And they are hiring eleven people to do it."Texas is a target-rich environment for the investigative journalism of the kind we plan to do for the next five years," Texas Tribune CEO Evan Smith said in a telephone interview with CNN Business.
But this deal with The Texas Tribune is different because it is"envisioned as a permanent step, and it starts with a five year commitment," ProPublica president Richard Tofel said.The long-term commitment is made possible by a $5.75 million donation from Arnold Ventures, a fund run by John D. and Laura Arnold. He is a billionaire philanthropist who formerly traded for Enron and ran his own hedge fund.Arnold Ventures has made grants to both ProPublica and Texas Tribune in the past.
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