David Carr, who writes the Media Equation column for The New York Times, says that despite cuts, the future of journalism has never looked brighter. "I look at my backpack that is sitting here and it contains more journalistic firepower than the entire newsroom that I walked into 30-40 years ago," he says.
http://www.npr.org/2011/10/27/141658047/david-carr-the-news-diet-of-a-media-omnivore