Can Knight's Alberto Ibargüen Save The News Business?

Knight Foundation Head Alberto Ibargüen is bankrolling dozens of experiments to save the news business. Can he rescue newspapers? took over as president of the $2 billion John S. and James L. Knight Foundation in May 2005 after serving as publisher of the Miami Herald, which won three Pulitzer Prizes during his tenure. Now Ibargüen is directing a multi-year plan to spend $100 million on 130 projects dedicated to new media and the future of news. They range from projects on community-financed reporting and media "test kitchens" at universities to a new journalism institute in India, home to the largest newspaper market in the world.