The Sky is Falling

What are you laughing at?
What are you laughing at?

I've written previously about the need for journalists to stop pouting about the declining newspaper industry. It would be a downright lie to say the industry isn't suffering big losses in readership and revenue, but the newspaper biz is still very profitable.

Even so, a quick perusal of this blog, run by veteran media executive Alan D. Mutter, makes you gulp. Every entry on the welcome page includes staggering numbers about tumbling stock values and staff cuts. The fall of newspapers is not a new theme, but Mutter's blog has re-awakened my worst fears.