A most excellent piece today from CBS's Bob Schieffer on the death of local news reporting, especially of the print variety.
Obviously, as a former news editor, city hall reporter, etc., I agree with him. But I also agree with what he has to say about the effects. Schieffer may be a network legend but he knows his stuff from his days in newspapers and local TV in the DFW area.
Let's be honest - newspapers can make money if well-run but they are a labor-intensive business that cannot only focus on the bottom line. And broadcast news does not have the personnel, time or attention span to do the investigative work that stories like the ones Bob mentions require.
Today is Bob's last day hosting "Face the Nation." It's a much bigger loss than that goofy looking guy in the late-night spot.