The Press is not the Media

James Carey, the recently deceased journalism and communication thinker at Columbia, once noted that the biggest problem with journalism is its identity crisis. "The problem is that you see journalism disappearing inside the larger world of communications," he was quoted as saying in The Elements of News. "What you yearn to do is recover journalism from that larger world."

That's all part of the soul searching of an industry trying to find its way in a Disney world of media entertainment. The latest news from The Economist is that things aren't getting any better. Newspapers, according to the story:

still earn almost all of their profits from print, which is in decline. As people look to the internet for news and young people turn away from papers, paid-for circulations are falling year after year. Papers are also losing their share of advertising spending. Classified advertising is quickly moving online.