US-centric but interesting article about the failures of mainstream news sources and the potential for the left to take advantage of their financial woes.
"I asked Bruce about proposed bailouts of the mainstream press: “Do you like these bailout ideas?” “No I don’t. I don’t even want them to rest in peace. I want them to twist and turn in their graves eternally. Why? They don’t do any local reporting and haven’t for about twenty-five years."