Kevin: As Alf Hermida writes, the State of the (US) Media report for 2009 is 'bleakest' ever. Alf pulls out this quote from the report: "Journalism, deluded by its profitability and fearful of technology, let others outside the industry steal chance after chance online. By 2008, the industry had finally begun to get serious. Now the global recession has made that harder." The shift of audience to the internet has accelerated, which has resulted in a negative financial impact on news organisations, and the collapsing economy is decimating ad revenues, which is cutting into resources that could be used to develop new revenue sources.