¿Qué le pasó a la prensa americana?

Esta buena crónica en el Financial Times sobre los sucesos que han llevado a la prensa americana a la crisis en dónde hoy se encuentra tiene esta cita que me parece que da totalmente en el clavo:
"According to Michael Elliott, the British-born editor of Time’s international edition who has spent almost 20 years working as a journalist in the US, the decline in US journalism can be summed up thus: a broken business model overly reliant on classified advertising revenue that has now moved online; a mistaken notion that post-1945 newspaper staffs of 800-plus journalists were the norm rather than a historical aberration; and, crucially, a stultifying failure to innovate because of the lack of competition."