Freelance tech journalism, this ain't.
TechCrunch is the new medium (Blogging) with a rough journalism slant.
There is a real life comparison too; TechCrunch is like the tabloid papers - they have all the content, plus the biases and the speculation and a bit of trash. The New Yorker content is like the Business dailys - curt, to the point, aimed at people who want to know the facts, plus sensible analysis from people who understand the context in detail (and are writing from academic interest as much as commercial).
The fact that this style of journalism is considered "traditional" is itself quite lamentable.
The New York Times was such an upstart in it's day with it's revolutionary notion of impartial reporting.
No, the dollar value of good editing and journalism as currently packaged and distributed in public is currently in decline. I am sure that there are hundreds of executives scattered across the globe who each just arranged for someone else to compose a report that thousands or even hundreds of thousands of other people would indeed want to read or at least know the contents of.
* http://www.magazine.org/CONSUMER_MARKETING/CIRC_TRENDS/2009-...
All that high quality content and the likes of TechCrunch are crushing them one "Twitter is down" post after another.
It's true that there are lots of other magazines which sell many more copies; I'm just suggesting that they appear to have a lot of headroom in terms of "having a big enough market to be a profitable business."