This fantastic, broad study is the work of the Project for Excellence in Journalism, an institute affiliated with Columbia University Graduate School of Journalism.
I'm constantly referencing this research, particularly the section that explores the state of media online.
The study notes that traditional journalism institutions, that should be leading online innovation due to their relatively large budgets, have lagged.
The study notes:
"Maybe the innovation will be left to citizens, entrepreneurs and bloggers who see themselves - perhaps mistakenly - as working in opposition to mainstream journalism. If so, the online trajectory is doubly problematic: The energy is coming from sources with a dearth of journalism essentials like verification and editing. Meanwhile, the economic base supporting the most difficult and expensive journalistic undertakings is eroding."
In my opinion, what the big news hounds don't get is that people increasingly want to take a more active role in news and content. Call it "newstent" or "conews," there is very little originality in the presentation of information by major news organizations on their Web destinations.
Take a quick look at the simple yet engaging RocketBoom.com and you'll see an example of how citizen journalists are masters of presentation in the Web environ.