AJR ran a piece titled "Maybe it is Time to Panic". A fluffy little article:

Today's newspeople know they have forfeited the edge on breaking news and lost the buzz in the online marketplace. They have been outflanked and out-thought by portal sites, aggregators, social networkers, indexers, video hosts, auction and classified sites and many others. They see advertisers retreating, and readers fleeing and Web viewers waffling.

Robert Niles at OJR, asks about how J-schools can help their students:

My question: What do journalism schools need to be doing to prepare their students for a more entrepreneurial industry?

One response changed the way that I approached this issue. It promoted me to trash what I had planned to write and instead simplify my advice to other journalism educators.

Blame Nick Denton. (And, I know, many of you probably have blamed the Gawker Media publisher for a great many things....) In a public response to my query on his Gawker blog, Denton replied: "I can think of no answer except this: close."

And the NYT reports on how the industry as a whole has cut back on reporters following the candidates:

Among the newspapers that have chosen not to dispatch reporters to cover the two leading Democratic candidates on a regular basis are USA Today, the nation’s largest paper, as well as The Boston Globe, The Dallas Morning News, The Houston Chronicle, The Atlanta Journal-Constitution, The Baltimore Sun, The Miami Herald and The Philadelphia Inquirer (at least until the Pennsylvania primary, on April 22, began to loom large).

But remember, AP is going to hire 21 new reporters to be on Britney Watch, so put that in your free market pipe and smoke it!