At least for a lot of traditional Media outlets. LA Times, Newspeak Newsweek, and WaPo have all fallen on very rough times.
Now comes word that the Ford Foundation has given very large grants to a couple for-profit media companies to help them keep operating.
What's next? A Jerry Lewis "Save-the-New-York-Times" Labor Day Telethon?
By comparison, "new media" outlets continue to thrive.