Each year since 2004 the Project for Excellence in Journalism has dropped the bomb of knowledge on the media world in the form of the State of the News Media report. The report is breathtaking in scope, with quantitative research on newspapers, online, TV, magazines, radio and ethnic media. What are the trends? What's working and what's failing? PEJ looks at the quality of the journalism done along with the business models and the way audiences are becoming fragmented.

I have yet to dive into the report, but I surely will at some point in the near future..