PEN IS MIGHTY: Journalists to Award Themselves Bezos-Funded ‘Courage’ Award Named After Billionaire Heiress

Democracy thrives in hubris

The Washington Free Beacon regrets to inform you that the journalists are at it again. The White House Correspondents' Association, a pro-journalism activist group responsible for hosting the appropriately dubbed "nerd prom" dinner party, announced Friday the creation of a new journalism award for "courage and accountability."

ABC News chief White House correspondent Jonathan Karl captured the sentiment of the pro-journalism community by describing the announcement as a "big deal."

The award is named after the late heiress Katharine Graham, daughter of former Washington Post owner Eugene Meyer, a financier who by the age of 40 had amassed a fortune worth nearly $800 million in today's dollars. Graham served as publisher of the Post for a decade beginning in 1969.

Current Washington Post owner and Amazon founder Jeff Bezos reportedly endowed the "courage" award for journalists with a "generous donation." The Katharine Graham Award for Courage and Accountability will be presented for the first time this April at the White House Correspondents' Dinner, the annual black-tie gala in Washington, D.C., at which journalists congratulate themselves for their courage by attending exclusive parties with actual celebrities.