"Employment of full-time professional editorial staff peaked at 56,900 in 1989. By the end of 2011, the last year for which data are available, employment had fallen by 24%, according to the American Society of News Editors. When figures for 2012 are compiled, newsroom workforce will likely be below 40,000." —Of the many bits in this survey of the current American news business—the cable news audience is stalled forever at 1.9 million people! TIME's newsstand sales dropped 27% in a year!—the 24% drop in newspaper editorial employees is the most instructive for those of you young people thinking about a major. (Journalism is always a terrible major.)

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“I send emails to people telling them what to do. I send those emails after my boss sends me an email telling me to send those people emails telling them what to do. If you think about it, my boss could send those emails directly to those other people, and I could just stay home. But then I’d miss all the meetings where no one listens to each other but just tries to show how smart they are or that they read last Sunday’s Times and that we should copy what they did.” —What do people in the digital media industry [...]