Venerable newspaper The Washington Post has announced the formation of a new online publishing unit dubbed The Slate Group which will produce online-only magazines, including Slate,TheRoot.com,The Big Money, and possible other spinoffs from Slate. The move may mark another moment of transition for journalism as it struggles to cope with the advent of digital media and declining revenue from its traditional print business.
"The Slate Group is an Internet start-up within the framework of an existing media company," said Slate editor Jacob Weisberg, in a statement. "The writers and editors here have over 250 years of combined experience producing Internet-only media. In expanding into new areas, we intend to draw on everything that we’ve learned collectively about what works on the Web."
