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Australian billionaire

Australian billionaire to spend US$72 mn on journalism institute

SYDNEY: A billionaire Australian philanthropist vowed Wednesday to spend at least AU$100 million (US$72 million) of her fortune to create a journalism institute committed to "the pursuit of truth". Judith Neilson said the Sydney-based institute would "celebrate and encourage quality journalism in Australia and the world" at a time of "massive change" and challenges for the news media. "Journalism doesn't just need critics, it needs champions¬†-- people and institutions with the resources to help educate, encourage and…