"The Nine network is in the process of removing 100 staff from its news and current affairs divisions. BRW has just finished removing its top tier of writers and editors. The Sydney Morning Herald and The Age each recently removed dozens of their most experienced journalists. Almost every major Australian media organisation is engaged in the reduction of editorial staff and budgets.
These are the dog days for Australian journalism as the creative destruction of "old media" is extracting a price. But it's a price which won't just be measured in dollars – it will be measured by the permanent decline in the quality of the editorial content of this country's fourth estate".
So editorialises Crikey today. Yes, we are into the decimation of journalism. The winner? The powers that be as they become less and less accontable and challenged by the Fourth Estate. A politician's dream really! Read the full Crikey piece here.