Are we sinking or sunk?  Alfred Hermida writes that, at least in Canada, new research shows that nobody buys the paper for local news:

The main reason for choosing newspapers was out of habit. People were either daily readers or subscribers.

But only 8% said they choose newspapers because they were a source of local news. And even less said it was because they like holding a physical paper.

101_2510 by Br3nda

How to keep your head above water

Amy Gahran, Swimming Lessons for Journalists:

So where will today’s journos find tomorrow’s jobs? Here’s my take: Not in news organizations. At least, not in news orgs as we’ve grown accustomed to them over the last century. That ship is quite obviously sinking.

Mindy McAdams, The survival of journalism, 10 simple facts:

Newspapers were a nice business. Publishers could make the product insanely cheap (remember the penny press), and the advertising would cover the expenses, plus generate fantastic profits. However, this is clearly over. It’s done. It worked for a long time, but now, like trans-Atlantic leisure travel in big passenger ships, it will never work again.