Two high-profile investigative reporters leaving WSJ

Politico is reporting two reporters from The Wall Street Journal are leaving the paper to start their own company that will conduct investigations for private clients. The departure of Sue Schmidt and Glenn Simpson is being regarded as a possible foreshadowing of the industry's future as investigative reporters are looking at "less space in major newspapers." Newspapers have been forced to scale back their investigative reporting operations as it happens to be one of the most time-consuming and expensive areas of journalism. 

When asked to comment about their latest move, Schmidt, who is a Pulitzer Prize-winning journalist, told Politico they were "sort of shifting gears." Simpson added they were "going to do some public interest work and some consulting." 

Their new company is SNS Global LLC. They will also be a part of the International Assessment and Strategy Center.

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