Quote du jour: Circulation was dropping like a piano thrown from a penthouse...

-Ulrik Haagerup, Nieman Reports

A great article in the Nieman Reports goes a long way to explaining the capital crisis in newspapers and the eternal paradox of highly profitable, perennially deleterious newsrooms. In plain English, why papers that make so much cash keep firing people and damaging the quality of the news they produce.

The article is called Capital Crisis in the Profitable Newspaper Industry, and is by Robert G. Picard, some really intelligent academic business type guy. Detailed, but worth it if you care about Media convergence, etc. If not, skip it ;)

http://www.bugmenot.com/ a software that lets you share and bypass "registration" at a lot of web sites ... so your inbox doesn't get flooded.
http://mediamatters.com - the blog-du jour. Great coverage of the coverage. Who watches the watchers? They do.