{Empty title} | The Nation

The media frenzy on this subject is the latest corroboration of the excellent Nichols & McChesney essay, "How to Save Journalism": "By downsizing reporting staffs and ramping up less expensive journalism based on trivia, sensationalism and press releases, they were able for years to maintain boomtime profits. But the party was destined to come to an end, as readers and viewers gave up on 'products' that no longer contained much in the way of news."

Unfortunately, the party is still going on.