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US journalism benefiting from 'game-changing' investments

Published on Mar 26, 2014 1:19 PM

NEW YORK (REUTERS) - A new wave of funding by technology-savvy investors into US media companies is driving momentum in journalism, even as news organisations continue to face challenges, according to a report issued on Wednesday.

The level of media investing activity is forging the underpinnings of "game-changing" developments for the industry, according to the Pew Research Center's State of the News Media 2014 report, which cited funding from entrepreneurs like Amazon's Jeff Bezos and eBay founder Pierre Omidyar.

"There is an unmistakable sense of new energy that emerged over this last year," said Amy Mitchell, director of journalism research at Pew and an author of the report.

"What we are seeing are individuals with ties to technology companies and an innate understanding for technology move into reporting."

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