Must read: Chris Dillow of Stumbling and Mumbling (and Investors Chronicle) comes up with a compelling set of reasons why is journalism so bad:

&ldquoThe problem with the dead tree industry lies in the culture of journalism itself, rather than in the corruption of the profit motive,ā€ he writes. Specifically, the professional weaknesses he identifies are lack of domain expertise among correspondents, status obsession, the bias toward anecdote-driven narratives, and epidemic cognitive biases due to poor training as the major problems with jounralistsā€™ professional culture.