Ink-stained wretches, it’s not just you! The social media and Twitter elite fret about the future of journalism too — and wonder how it will survive the digital revolution. At SXSWi, there was no shortage of panels obsessively deconstructing this topic (and tweeting about it, natch).

Happy Anniversary Great Recession. A year ago today Lehman Bros. filed for Chapter 11 bankruptcy and sent the economy into a tailspin the country is still struggling to cope with. Here’s a look back at the top five media moments from the last twelve months.

AOL’s Daily Finance blog has signed a third ex-Portfolio staffer to join its Daily Finance team, further indicating that the Web 1.0 online giant is serious about expanding — and spending the money to do so.

Where other sites are being forced to cut back and do more with less, AOL seems to be merrily picking up name-brand talent in what is becoming a regular habit.

An article in week’s issue of Time titled “Business Journalism: A Vanishing Necessity?” suggests that the recent demise of Portfolio, as well as the current financial struggles of Business Week, are some sort of measure that business journalism itself is under threat. Really? Perhaps the real problem is that Time needs to widen its definition of “business journalism.”

It’s been a tough few months for businesss journals. First Portfolio folded in April. Then this week it was reported that BusinessWeek was for sale – some even suggested that its price tag was $1 for anyone who wants to take on its annual losses. Fortune just announced a re-design in light of a 39% decrease in ad pages. And now the CEO of Forbes.com has stepped down.

The A.I.G. Financial Products unit is to the global financial crisis what rickety levees were to Hurricane Katrina. But as Michael Lewis points out in his excellent article in the latest issue of Vanity Fair, F.P., as it’s called, used to be the envy of Wall Street. In 2001, the elite unit accounted for a [...]