The Project for Excellence in Journalism report on newspapers in 2007 stated, "Newspapers are still far from dead, but the language of obituaries is creeping in." Although there is a problem with declining revenues, there is also a crisis of morale in newsrooms, according to Peter Osnos, Senior Fellow for Media at The Century Foundation. He senses that reporters feel that no matter how good, thoroughly reported, and influential their work is, it isn't going protect the paper.

Osnos believes that reporters are unique in turning what they write about into news and determining how people are informed, a power that bloggers do not have.

According to PEJ, in 2007, the industry had its sharpest drop in advertising revenue since 195 -- 9.4%. On the other hand, on-line revenues are up: representing 7.5% of newspaper ad revenue.

If newspapers do not receive support from advertisers or circulation, they should find other ways. For example, the radio no longer is dependent on the federal government because of underwriting and individual contributors.

PEJ reports that there are a variety of locally based startups emphasizing community news, for example ProPublica and Global News Enterprises, a Boston based Web start-up.

Read more about PEJ's reports:
- Robert Niles' key lessons learned from State of the Media Report
- Journalists cite financial problems as top concern
- Internet is changing journalism

Source: The Century Foundation