According to an article published in USA Today, quoting from a 500-page Project for Excellence in Journalism report, titled “The State of the News Media in 2004” …
The news business is “in the middle of an epochal transformation, as momentous probably as the invention of the telegraph or television,” say the report writers. “Journalism is not becoming irrelevant. It is becoming more complex.”
The report suggests things don’t look good for newspapers and network television, and only three out of eight media sectors (ethnic, alternative and online media) are seeing audience growth.
