It's a round-up of a lot of current strands of argument that says online publishing models need greater commitment in order to save quality journalism.
Quotes an excellent line from Tim Porter:
"... getting newspaper journalism across the divide means a big investment now in the Net and its emerging forms. It requires a wave of Research & Development. It means re-training your people, and taking on "newsroom cultures that discourage innovation, don't reward risk-taking and drive out many of the best and brightest younger journalists, all of whom entered the profession aware of the paltry pay scale."