The rise of the Internet and smart phones has disrupted how people consume news and how journalism is funded. Yet the digital revolution also continues to hold promise for the news media in general and for investigative reporting in particular. The explosion of podcasts in recent years is but one example. In many ways, it is the best of times and worst of times for investigative journalism. Big, cross-border investigations like the Paradise and Panama Papers, both uncovering a network of secret offshore companies to hide money, proved that public interest journalism and international collaboration – hundreds of investigative journalists joined forces to work on each project – can generate a global impact and a chain of reactions to stem tax evasion. In Bulgaria and the region, where press freedom – one of the core principles of every democratic society – is under threat, investigative stories are much needed to expose wrongdoing and tell the truth. In the era of fast news, widespread disinformation, and political leaders from across the globe engaging in anti-journalistic rhetoric, we need watchdog journalism more than ever. While investigative reporting is a costly endeavor and takes time to produce, it is still central to hold governments accountable and to inform but also empower citizens. Technology innovation and new formats such as podcasts can aid reporters’ efforts to find readers, listeners, and viewers where they are.