State of News Media 2009

Pew's Project for Excellence in Journalism released its 2009 State of the News Media report on Sunday (if printed it would be 700 pages long).

The center's take is that journalism isn't dying and newspapers are going to be around for a while too. But the sharp drop in revenues (23% in two years for newspapers and 7% last year - an election year! -- and possibly 11% this year for local TV) and employment (a quarter of all newsroom jobs that existed in 2001 could be gone by the end of this year), along with readers' migration online make it rough going and a race to find a way to pay for it all.

Here's the rest of the news release.