Civic Health and Public Journalism
The annual Pew State of the News Media report is like a yearly physical exam for journalism in America. This year the prognosis is mixed, at best. Newspapers are still raking in double-digit operating margins, but after years of consolidation they are over-leveraged with debt that is cutting into their profits. There are more hours of news on local TV, but much of it consists of rebroadcasts, meaning there is actually less original reporting. Tablets and mobile devices are driving significant new traffic to news sites, but monetizing that traffic is still difficult.