Craig Newmark, founder of Craigslist, the Web site that has single-handedly revolutionized classified advertising in the U.S., is now setting his sights on a new market: journalism, reports
The
Guardian, a British paper. Speaking at an Oxford University forum, Newmark said he plans to bring his "wisdom of the masses" approach to his new journalism project, which is expected to launch in
the next three months. Newmark said the project will use a similar ad model to the one deployed by Craigslist. Citing recent news scandals, Newmark said journalism has "lost the trust" of the public,
because papers "are afraid to talk truth to power." Other than that, the article contains few specifics about the vague-sounding project. Craiglist is one of the top 10 most visited sites on the
Internet.
Read the whole story at The Guardian »
