I find it pretty distasteful the way Andrew Bolt and Tim Blair (more or less) high five themselves when their media opposition downscales journalist jobs. All tied up with their campaign against "leftists" generally, and the ABC for allegedly crowding out the news media here.
This argument is beloved of their aging, remarried boss; except that I don't see how it can account for the fact that American newpapers, without anything like a government funded media outlet competitor, have been suffering exactly the same decline for the last decade or so.
And let's face it: apart from the basic news services, commercial TV here gave up serious domestic and international journalism decades ago in favour of magazine TV. Was this due to ABC "crowding out"? I doubt it.