Interview of journalist Jonathan Raunch as reported in Kottke.org
A talented hard working press corps exists and all the major newspapers are doing well.all the papers that are committing resources to them. These are a small fraction and the major fraction are the parasites-the bloggers,the commentators,opnionizers -who are feeding off the real news that the press is providing.
I have been entertaining a similar suspicion about the viability of a news reporting system which is only 10% primary news gathering and 90% either based upon primary news gathered by the print/T.V. or other media or mere commentary . Citizen reporting is of course also in use but it does not constitute a steady source. Suitable funding options do not exist for such reporting except possibly through advertising revenues but the latter are simply not enough.