Newspaper Industry Death Watch

As leading newspapers continue to face falling revenues and profits, Merrill Goozner laments the loss of paying journalism jobs. "Advertising dollars are migrating away from print to the internet, broadcasting and other sources like direct mail," he writes. "Companies like Google and Yahoo are rolling in cash. But they hire very few journalists (if any). And those they do hire have very few standards. ... It is often said that our democracy cannot survive without a free press. But when the only information the new economy's free press provides is ill- or uninformed opinion, what kind of democracy will we have?"