Gawker article misses the point: it's not journalism that is is crisis, it's the business models of media companies that are. To own a printing press, it used to be a license to print money. Some newspapers in 1990's had 40% ebit.
Nowadays we have more quality and niche content than ever before. Blogs, social media and startups have forced journalists out from their old role as gatekeepers of news. Interactive journalism, web video, data journalism and other new forms of storytelling have created a golden age of innovation to people who are not thinking print-first or broadcast-only. As a professional journalist in major media outlet, I welcome this change. I just hope that we are able innovate viable business models to sustain what we are doing.