Journalism panicked

So I wrote what I know, or rather what I’ve learned, which could be summed up this way: when the Internet forced journalism to compete economically after years of monopoly, journalism panicked and adopted some of the worst examples of the nothing-based economy, in which success depends on the continued infantilization of both supply and demand. At the same time, journalism clung to its myths of objectivity and detachment, using them to dismiss the emerging blogger threat as something unserious and fundamentally parasitic, even as it produced a steady stream of obsessive but sneering trend stories on the blogosphere.

Please read the entire piece. As some have already pointed out though, this is the money paragraph.

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