Thanks to the modern public Internet, who needs printing presses--let alone an expensive news-gathering organization!--when anyone with an Internet connection can report on the news in real time with devices as small as a cell phone! That's why services like Twitter have taken off--a microblogging system that works with devices as small as cellphones. And since cellphones nowadays are equipped with cameras, we can get images AND video transmitted over the Internet from anywhere with cellphone coverage, too.
Interestingly, both CNN and Fox News Channel get it--they are heavily investing in Internet connectivity to provide faster news reporting. CNN was among the first to use real Internet broadband video to do news reporting, thanks to satellite communication links--dish and camera--that could easily fit inside a suitcase.
I just finished reading the whole article. Lots of finger-pointing and blaming. It reads like a pre-written obituary.