by Frank Rich

IF you wanted to pick the moment when the American news business went on suicide watch, it was almost exactly three years ago. That's when Stephen Colbert, appearing at the annual White House Correspondents' Association dinner, delivered a monologue accusing his hosts of being stenographers who had, in essence, let the Bush White House get away with murder (or at least the war in Iraq). To prove the point, the partying journalists in the Washington Hilton ballroom could be seen (courtesy of C-Span) fawning over government potentates — in some cases the very "sources" who had fed all those fictional sightings of Saddam Hussein's W.M.D.

Colbert's routine did not kill. The Washington Post reported that it "fell flat." The Times initially did not even mention it. But to the Beltway's bafflement, Colbert's riff went viral overnight, ultimately to have a marathon run as the most popular video on iTunes. The cultural disconnect between the journalism establishment and the public it aspires to serve could not have been more vividly dramatized.

The bad news about the news business has accelerated ever since. Newspaper circulations and revenues are in free fall. Legendary brands from The Los Angeles Times to The Philadelphia Inquirer are teetering. The New York Times Company threatened to close The Boston Globe if its employees didn't make substantial sacrifices in salaries and benefits. Other papers have died. The reporting ranks on network and local news alike are shriveling. You know it's bad when the Senate is moved, as it was last week, to weigh in with hearings on "The Future of Journalism."

http://www.nytimes.com/2009/05/10/opinion/10rich.html?_r=4&pagewanted=1&ref=opinion

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