journalismMedia mogul John Kluge (who you may remember gave CC a ridiculous amount of money) has announced that he will subsidize yet another of Columbia’s fine institutions–the Journalism School.  A paltry $20 million of his 400 mil gift to the university will go to finishing the J-school’s $100 million Second Century campaign.  The money also guaranteed that Columbia will receive some money ($5 million) from Leonard Tow.

Now that the J-school has so much cash on hand, they won’t be too disappointed to look at the stock prices for the Times or the Post over the past month.  Print journalists–beware!