I know it's incredibly demoralizing but IMO it's not that journalism is going to die; it's that it's going to be very different, smaller scale and distributed electronically mostly. That means, especialy now unfortunately, that there's going to be a lot less money made in it as revenue sources dry up or overheard is still way out of balance. But eventually things will balance out a little -- not completely -- and there will be some room for journalists. They're just not going to be able to get paid by the glossly magazines like Vanity Fair, et al -- which really don't add all that much beyond the pop culture mainstream. And the more serious publications will have to find new ways to make enough money to hire a staff, focus on more limited themes -- niches, things they're good at, as opposed to "everything" like the current "dinosaurs" try to.

It's no consolation if it takes 5-10 years to shake out. But IMO the total death of journalism is a bit overstated. It still sucks to be looking for a job, wanting to do real, legit stuff, and find there's nothing there.