But I, for one, do not believe that journalism’s future is gloomy. In fact, I think that when we look back on the early years of the 21st century, we will recognize it as a period of exploding opportunity for journalists and the start of an exciting new era for journalism. I also think it’s quite possible that we’ll look back on these years as a period when a better informed public began to emerge, thanks to new communications channels and technologies.

Am I nuts? Maybe. The signs of decline in traditional forms of journalism are real. But declining audiences and financial returns for newspapers and television news do not necessarily translate into worsening prospects for journalism, nor into a more poorly informed society. —Rich Gordon —
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Online opportunities make journalism’s future bright, despite gloomy feelings (Online Journalism Review)

Okay, given the source one expects a wee bit of bias, but it’s still good to see these arguments made this clearly.