Banker or Journalist? Now there's a game to play.
According to Bloomberg journalist Albert R. Hunt, people should be as concerned about the fall of newspapers as they are the fall of the banks. He says that society without a tough media is not democracy. He even mentions the French government's proposition to subsidise newspapers and the dangers it might bring. He cites a Harvard researcher who estimates that "about 85 percent of the news people get is initially generated by newspapers" and that most scandals are revealed by professional hacks who have the time and the means to investigate.
From The Observers.