Clay Shirky has a words for the newspaper industry, article.

Some select quotes:

When a 14 year old kid can blow up your business in his spare time, not because he hates you but because he loves you, then you got a problem.

When someone demands to know how we are going to replace newspapers, they are really demanding to be told that we are not living through a revolution… They are demanding to be lied to.

When we shift our attention from ’save newspapers’ to ’save society’, the imperative changes from ‘preserve the current institutions’ to ‘do whatever works.’ And what works today isn’t the same as what used to work.

My money is on the OhMyNews.com citizen reporters model for local – not so sure about national, and bureau coverage but one has to think subsidized amateurs plays a role across the entire content spectrum.

Welcome to greenhorn journalism.