The article provides evidences about mechanisms and practices that undermine the effectiveness of investigative journalism through the analysis of selected case studies of corruptive phenomena in Italy, Hungary, Romania and Latvia. In particular, the article shows that the idea of watchdog journalism does not work actually in the observed countries. Indeed, investigative journalism requires certain socioeconomic conditions, such as a low degree of influence of the political and economic spheres and a high level of journalistic professionalism, which are not (always) present in the aforementioned countries. More specifically, the article focuses on three aspects that may distort investigative journalists' work: a certain proximity (sometimes overlapping) of publishers (often rich oligarchs or prominent businessmen) and politicians, the 'blackmail' exercised through advertising investments and the interferences of secret services, which may dissuade newsrooms from performing their role as the watchdog.
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