A must-read from London

Some of the best comments on America come from foreigners. Think back to de Tocqueville's Democracy in America in the 1830s. And, today, a truly outstanding assessment of what's happening to media in America comes from Lionel Barber, editor of London's Financial Times. He correctly assesses the state of our media, and traces some of its causes and potential effects. This should be required reading for anyone even thinking of our business. He's both pessimistic and optimistic at the same time.