The destruction of Australian journalism:

Almost every major Australian media organisation is engaged in the reduction of editorial staff and budgets.

These are the dog days for Australian journalism as the creative destruction of "old media" is extracting a price. But it's a price which won't just be measured in dollars – it will be measured by the permanent decline in the quality of the editorial content of this country's fourth estate...

Meanwhile, the federal government's determination to abolish the cross-media rules will only accelerate the cannibalisation of journalism. That absurd policy will result in a grotesque rationalisation of the media industry with an inevitable result: few owners, fewer journalists, less diversity, more commoditised journalism.

And a debased democracy.