Josh Korr of Publishing2.com has an interesting point to make: In an age of information overload, one of the smartest principles should be a form of innovation-by-omission. That is, don't write what doesn't need to be written.
Many full stories don't deserve full-story treatment. If journalism continues to create the way it's been creating content, then the new technologies will be wasted. If you can't imagine someone linking to the piece, then don't write it.
I'd add that one of the hardest challenges in an era of tighter resources is to decide what you can't do any longer. A lot of news organizations I see are trying to maintain large mandates in a smaller newsroom, and it's obvious the fabric is stretched too far for them.