Undoubtedly, the most well-known investigative reporting was the Watergate story which led to the resignation of President Richard Nixon. The Republican party orchestrated a wiretap of the Democratic National Committee headquarters at the Watergate complex in Washington D.C. When word leaked about the story by The Washington Post reporters Bob Woodward and Carl Bernstein, the Nixon administration tried to coverup what they had done. Only because of investigative reporting, the facts were published.
The watchdog role of journalism has weakened over time as conglomerates have gained more and more power. Despite having news programs dedicated to being "watch dogs," most of these programs do not monitor the powerful elite. The news programmers do not want to jeopardize their jobs. For example, the Walt Disney Corporation (Disney) owns and operates the ABC broadcast television network, as well as, cable television networks like Disney Channel, ESPN and ABC Family. It would be tough for a reporter from ABC NEWS to cover a story lead involving a scandal at Disney.