From Listverse, the introduction:
Looking back upon the heyday of the newspaper industry, images of angry cigar-smoking editors, journalists with fedoras carrying “press” cards and sharpened pencils, and little Dickensian children on the street corner shouting “Read all about it!” are evoked. That was back when nothing MORE than newspapers existed, that is in the form of competition. Yes, the paper was as cutting edge as the refrigerator back when the nation relied on its local street urchin to find out what was new in the world. Nowadays, in spite of a good many paperboys who regularly find summer employment, it’s the tech-savvy youth that are primarily responsible for the undoing of anachronistic traditions. You’d think an industry whose very purpose is to keep regular tabs on the status quo would be able to adapt to an ever-changing environment, but such was apparently not the case as an industry of old dogs failed to learn any new tricks (instead they just continued licking themselves). Here’s a look at the top ten reasons why not all traditions are timeless, and particularly why the newspaper industry is folding under itself (and being held in place with a rubber band).
Read them all at the link. I particularly appreciated number 8: “There’s no Journalism in the Journalism.”