The Beat Will Go On

Yglesias ponders the future of journalism:

Ultimately, I think this transition is going to be much less of a disaster for journalism than a lot of people in the business seem to think. What it probably will be is a rolling disaster for journalists in which outlets are consolidated, jobs disappear, lots of people see their wages fall, and everyone sees their working conditions deteriorate as there’s pressure to produce more and more for more venues web articles, online video, etc.

Can't we have bailout money? (Just kidding.)