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The advent of the Internet exposed the fact that the old business model for newspapers was broken. The world wide web fundamentally changed the media eco-system, challenging established journalistic practice in what is known as the mainstream media: radio, television, newspapers and magazines.

Yes, the disruption of the Internet can be blamed for the destruction of the business model that once made journalism a thriving, well-paying enterprise, but it has also created an array of new tools for reporting. Somebody will eventually figure out how to make online newspapers profitable - I hope.

Everything seems set up for success in digital journalism - money, eyeballs, software, brands.

There certainly was a lot of potential in the air for doing a magazine which focused on the way business, in particular, was being transformed by the Internet.

I really do think we're going through a period of concentration of ownership of media, and we're starting to see the effects at the editorial level, and it's all bad. This increased pressure for profits every quarter, smaller news hole, less coverage of important stuff - the extent that it's become one giant infotainment industry.

I think people are sort of waking up to it now, how probably the biggest change in Internet media isn't the immediacy of it, or the low costs, but the measurability. Which is actually terrifying if you're a traditional journalist, and used to pushing what people ought to like, or what you think they ought to like.

Exponential growth in access to the Internet, satellite television and radio, cell phones, and P.D.A.'s means that breaking news now reaches virtually every corner of the globe.

The web has introduced a competitive, and some might argue hostile, landscape for long, in-depth, resource-intensive journalism.

The print magazine and print journalism industry is obviously in a great deal of trouble, and one of the things that happened when this business started to give way to the Internet and to broadcast television is that a lot of organizations started cutting specifically investigative journalism and they also started cutting fact-checkers.

I believe journalism or news will migrate to the online medium.