Shortly after breaking the Panama Papers, an international exclusive that shed light on illegal offshore banking around the globe, the International Consortium of Investigative Journalists should have been riding high.
Instead, the scrappy cross-border investigative team was facing the dreary prospect of laying staffers off due to a financial squeeze at its parent organization, the Center for Public Integrity.
“I did feel a little deflated,” said Gerard Ryle, ICIJ’s director. “Our team had achieved what had never been achieved before. And here I was, facing the prospect of having to lay off journalists that were the heroes of this story.”
Now, 10 months after breaking the Panama Papers story with hundreds of journalists around the world, ICIJ is taking its financial future into its own hands. Earlier today, Ryle announced the consortium is splitting off from the Center for Public Integrity in a move intended to give his team more room