>> "Experienced journalists aren't staying in the game because there's no money in it. The ones who do stay in it are one of three things: crazy, passionate about the job despite the compensation, or not dependent on the income."

You're right about this, but it's hardly news. Capital-J journalism, rather like fashion and other sexy New York industries, hasn't been a "real career" (e.g. one that will pay the bills) for decades. But it makes a splendid passtime for the children of inherited wealth.

Are you from the middle class or lower and want a byline? No problem---come to New York and live here without getting paid for a half-decade until we give you a real job (still with laughably small salary).