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A team of journalist-engineers from ProPublica and The New York Times has been awarded the Grand Prize in this year's Knight News Challenge and will receive $700k to build DocumentCloud, a new online knowledge-bank filled with documents unearthed in journalists' and bloggers' research and commented on by the public. "While rich source documents are the foundation of investigative journalism," the DocumentCloud team writes, "too often reporters throw or tuck them away after a story fades, never to be used again."

This year's Knight News Challenge winners were just announced this afternoon, nine winning projects will receive over $2 million total to try and change the way the news world works. All of us should benefit from the results.