Investigative journalism will survive and flourish as the business model for newspapers slowly shifts from an advertising-based model to one based on subscription revenue, according to David Barstow of The New York Times. This kind of journalism is embedded in the business model of the NYT, which now has 1.6 million subscribers, he says.

Barstow was speaking on a panel at the Australian Press Council’s annual conference in Sydney yesterday, with multi-award-winning investigative journalist Kate McClymont of The Sydney Morning Herald, on the topic of “Is Investigative Journalism an Expensive Luxury or a Necessity?”.