Here Come the Feds: FCC to 'Study' the Future of Journalism

Just what the media needs:

Now it’s the Federal Communications Commission’s turn to examine the future of journalism and the media industry.

“We are at a critical juncture in the evolution of American media,” FCC chairman Julius Genachowski said in a statement. “Rapid technological change in the media marketplace has created opportunities for tremendous innovation. It has also caused financial turmoil for traditional media, calling into question whether these media outlets will continue to play their historic role in providing local communities with essential news and civic information.”

Yeah, I know: you’re all broke up about it. So let’s hear your diagnosis and prescribed course of treatment. Especially as it relates to this inconvenient little truth: