The state of journalism today:

With all the million-dollar salaries being thrown around journalism circles these days, you'd hardly know we were in the depths of a media downturn.

While much of the journalism profession is idled, redundant, bought-out and collecting unemployment, a slim layer is suddenly pocketing supersalaries as the media landscape remakes itself around rags -- and riches.

Well, isn't that special...on one hand, you could argue it's the power law effect in place; on the other it could be that the last survivors in journalism leadership - like in music - are more concerned with feathering their nests before the deluge than in figuring out how to build boats.

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