Colleen Taylor

A lot of what New York Times reporter David Carr says in this interview about the state of the media is so true it's kind of sad. I saw some of the extravagance he mentions in my first amazing journalism gig in New York (at a magazine which has, incidentally, since folded.) I remember consciously trying to savor every fancy dinner, town car and nice hotel room, since for me, an entry-level 20-year-old, it all didn't really make sense.

But even when you know deep down that something is too good to be true, it's still upsetting when the inevitable end comes. It's starting to set in that the past 15 years have been an unsustainable anomaly for not just finance, but a lot of other industries too.

A particularly relevant excerpt of Carr's real talk:

"I think one thing that people do not understand is, as recently as four or five years ago, to be a member of Manhattan media, you weren't rich, but you lived as a rich person might. You went to the parties that a rich person would go to, you ate the food that a rich person would eat, you drank the vodka that a rich person would drink, and you'd end up in black cars, and you'd end up sometimes on boats and in helicopters.

"We lived as kings, and it convinced us, I think, that there was a significant underlying value to what we did. And I think we're finding out now that the real, actual value of journalism in the current economy is not that high."