Comment Re:It doesn't matter (Score 1) 227
Here in France, one of the main scandal about Sarkozy (small king) involving Eric Woerth (budget minister) and Liliane Bettencourt (L'Oréal, #17 in Forbes, #3 in France) has been investigated by journalists working for MediaPart. MediaPart exists only online and is not free (90€/year, ~$116/year). Since the beginning of this scandal, hundreds of people registered (up to 300 registrations per day).
Our best investigation newspaper is Le Canard Enchainé. It is printed without any ads and sold only for 1,20€ (>500000 sales/week, +24% in 2007). Its journalists are among the best paid journalists in France. However, they can't hold any share in any company and can't accept presents (official decorations, etc.).
So if investigative journalists do their job, it seems to be possible for them to live well, even online.