The State of the News Media
The Pew Project for Excellence in Journalism does a fantastic job reporting annually on the state of the American news media. The Pew Project's sixth edition for 2009 is no exception and provides lessons for all businesses on the importance of agility, adaptability, and competitiveness. The following paragraph from the report's introduction says it all.
Journalism, deluded by its profitability and fearful of technology, let others outside the industry steal chance after chance online. By 2008, the industry had finally begun to get serious. Now the global recession has made that harder.