It's not encouraging news for people who hope for a career in journalism. Gillmor writes:
"It's painful to watch a business I care so much about commit slow suicide this way. But the financial writing is increasingly on the wall for an industry that simply can't figure out how to handle its challenges.
"There will be a serious loss to society if daily newspapers -- or at least the community watchdog function they still fulfill, despite their well-chronicled flaws -- were to disappear or be disrupted while a new business model emerges. I don't know if we need newspapers (though I still read them avidly). We damn well need what newspapers do."
So what do you think? Do we really need newspapers? Does the newspaper industry have a role to play in the digital age? Or is it a dinosaur lumbering toward extinction?
And what's the impact on democracy if newspapers die?"