Watergate reporters sell notes for $5m

US: The two journalists who broke the Watergate scandal have sold their notebooks and papers related to the story for $5m

US: The two journalists who broke the Watergate scandal have sold their notebooks and papers related to the story for $5m. But the identity of "Deep Throat", their anonymous source, will remain secret until his death.

The University of Texas yesterday announced they had purchased the notes and papers of Carl Bernstein and Bob Woodward that led to the resignation of President Nixon. They will be catalogued at a research library, the Harry Ransom Humanities Research Centre, in Austin, Texas.

Mr Woodward (60), now assistant managing editor at the Washington Post and a well-known author with White House access, said that he and Mr Bernstein (59) had asked an agent to find a safe resting place for their papers.

He told the New York Times that the pair were "getting on in years and these things were sitting in our own storage facilities and we were afraid we would be gone some day and no one would know what to do with them".

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Most of the material will be made available to the public within a year, according to the university. There are 75 boxes of material, including taped interviews and memos exchanged by the two men.

They have made a donation of $500,000 to the university to finance a series of conferences on the Watergate story.

Mr Bernstein lives in New York and is working on a book about Senator Hillary Clinton.