NCMR2007: Free Press, Consumers Union and Consumer Federation of America have filed a series of reports to the FCC documenting that the future of the media is better than the media giants claim. From the story Reports show future looks strong for media in USA Today:

MEMPHIS -- Newspaper and TV executives might not expect encouraging financial news from a major gathering of industry critics. But a collection of studies being released here Friday at the National Conference for Media Reform contends that economic prospects are strong for newspapers and TV stations — despite more competition from new media.
Their forecasts run counter to a widely held view that digital media and the Internet have dramatically altered the economic landscape for traditional media. Companies that have run into trouble, including Knight Ridder and Tribune (TRB), "mangled the transition to the digital age," says Mark Cooper, research director for the Consumer Federation of America. "It's management, not the business."