... Newspapers and television news are not going to vanish in the foreseeable future, despite frequent predictions of their imminent extinction. But they will play diminished roles in an emerging and still rapidly changing world of digital journalism, in which the means of news reporting are being re-invented, the character of news is being reconstructed, and reporting is being distributed across a greater number and variety of news organizations, new and old. ...
Some lengthy comments on public broadcasting begin on p. 5 of the online version (p. 12 if you make a 39-pp. pdf of the document). Their recommendations for public broadcasting begin on p. 14 of the online version (p. 33 of a pdf) and look to reorienting public radio and television "to provide significant local news reporting in every community served by public stations and their Web sites." I've given shortcuts to pubcasting material, but it's important to read their analysis and recommendations in context.
Link: Columbia Journalism Review. Thanks to Vivian Schiller for the link.
Update: 28 October 2009:
The "atomic" version of Current newspaper has a page one overview of this report by Karen Everhart. It's not yet on current.org. Also on page one but not on the site is a report on the forward-looking Chicago News Cooperative. WTTW-TV is a founding partner and the article says WBEZ-FM may also join the partnership. I'll try to remember to add links when they appear. --Dennis