Noam Cohen

At least one media outlet is bucking the field's bleak economic outlook: The left-wing blog Talking Points Memo. On Monday, Noam Cohen reported in the New York Times that TPM has received funding from outside investors that will result in a doubling of staff, and may include some veteran mainstream journalists.

The political news Web site Talking Points Memo this weekend completed a round of investment, of $500,000 to $1 million. The move is intended to increase the number of employees, to roughly 20, from the current 11, in the next 10 months.

The financing is the first part of a three-year plan to increase the site's staff to 60 employees, Joshua Micah Marshall, the site's founder, said in an interview at his offices on West 20th Street in New York.

Marshall, who in TPM's early days (the blog was launched during the Florida recount fight of Election 2000) was less reflexively anti-Republican than today, has beefed up the once-humble blog to include TPM café, a discussion site, and TPM Muckraker, an investigative site almost exclusively devoted to conservative scandal-mongering.

Although the established media often rails against bloggers, Marshall is an exception. As Cohen reported back in February 2008, Marshall won the media's George Polk Award for legal reporting for his work on the Bush administration firing eight U.S. attorneys under what TPM and other liberals claimed were politically motivated circumstances -- a perfectly legal effort that was nonetheless considered scandalous by mainstream media.