How Media Will Pay for Poor Warning on Financial Collapse

The media miss stories all the time, always have, always will, and there's nothing to be ashamed about in that -- you can only do so much, especially in a time of slashed newsroom staffs. But to miss the financial collapse, a story of this enormity, with consequences that will echo (like Iraq) for decades, only adds weight to the warnings of doom for the "old" media. [Greg Mitchell is editor of Editor & Publisher.]