The NYT weighs in on major newspapers, especially the Atlanta Journal-Constitution and the Los Angeles Times, reducing or eliminating their book review sections.
The NYT seems to imply that blogs are picking up part of the slack, but I think I'm with fellow MSU alum Richard Ford on this one. I think that the blogs are great and provide an essential additional venue for books to receive attention, but won't reach many of the audiences who look to the larger weekly newepaper book reviews to find something to read.
I also like Ford's point on the question of responsibility. PBS's Frontline had an excellent series recently on the changing role of newspapers in society and in competition with new media. Once again, while I'm excited by the prospects of participation in new media, I'm also struck how almost no one in the new media projects really considers themselves journalists, much less wants to even consider the sort of questions of ethics and responsibility to the reader that most journalists deal with all the time.
The new media is fabulous, but I think that it's incredibly short-sighted to act as though it makes the old media obsolete. Increasingly, we need both.
(Speaking of journalists, Ellen E. Heltzel at Poynter.org provides a good summary of the issue.)