The Reynolds Journalism Institute is a nonprofit think tank affiliated with the University of Missouri‘s School of Journalism. The Institute is working to preserve journalism and help journalists monetize on their work. One of their first ventures is creating a social networking site that allows solo journalists to connect and collaborate with one another. The Institute is also funding research for a portable, electronic device that would carry the news. The Institute is funded by a grant from the Donald W. Reynolds Foundation.
You can read about the work of RJI in this article by the Associated Press.