A perfectly-timed research companion to Clay Shirky's Newspapers and Thinking the Unthinkable and Steven Johnson's Old Growth Media And The Future Of News: Pew's newly-released comprehensive report on the state of the News media.
Newspaper ad revenues have fallen 23% in the last two years. Some papers are in bankruptcy, and others have lost three-quarters of their value. By our calculations, nearly one out of every five journalists working for newspapers in 2001 is now gone, and 2009 may be the worst year yet.