News outlets biggest problem is not that they are creating worse content. It is rather finding away to make money off the content they create. Google News and other sources make it easily accessible to get news, and more importantly for FREE! That is hard to compete against. Also what happens when you lose revenue in terms of paid subscriptions and paid product?
Advertisers do not want to advertise their product in a place they find that people will not see. Therefore this free access to news is a double-edged sword.
The problem is and has been “How can we continue making a profit doing this?” This has led to the dwindling down of news staffs and putting more work on each individual reporter.
Personally I believe this all to be just a big shift to digital journalism. Television and radio have been hit by online journalism, but nothing near that of print journalism. But I believe where there is a will there is a way. If you are a good writer you can get a job doing news in some fashion. If you are good enough you might get on and be paid as an ESPN.com blogger or some people make a decent living being their own journalists marketing themselves rather than a company.
Wherever the winds blow news, it will still be here. It just is in the process of finding a new revenue system so that it can suffice itself. That will help contribute to less middle news outlets in my opinion and more smaller individualistic brands with of course still the brand names being around like The New York Times, ESPN, and the Wall Street Journal.
I personally am heading into this with a sense of eagerness rather than scared. It is an exciting time to be a journalist in my opinion. My generation and I will go down in the history of journalism as the ones who found a way to bring it back to prospering. That sounds exciting to me.