The New York Times has done a respectable job summarizing the challenge for journalism schools in an era of seemingly fewer opportunities. The main challenge: Prevent instructors from decrying the declines and enable them to describe the future.
Not surprisingly, the story examines the need for instructors to reorient themselves on the new landscape. The days of telling war stories and suggesting the old days need to inform the new days are over.
The Times spends much of its time on this theme, but it also explores the direction of journalism school education in a time of great student and industry uncertainty.
(Disclosure: I've taught at UBC's graduate school of journaiism for five years and I've watched the school evolve into one of the world's most astute providers of multiplatform journalism education. I was a little dismayed the Times didn't see fit to canvass a few minutes outside its American border, because many U.S. students apply and come to the school.)