Indeed, the Internet has brought about a revolution in how content is delivered and wreaked havoc on the traditional print ad business model. Panelists, with backgrounds at organizations like the Wall Street Journal and , recognized technology trends that could lead the way for journalism, such as e-reader devices like the Amazon Kindle  as well as rich content versions of publications. They also pondered content delivery models including subscription-based Web publications and blogging.

The issues were covered during a Churchill Club business and technology panel session entitled  "Journalism after Print," in Palo Alto, Calif.

Moderator Sam Whitmore, editor of Sam Whitmore's Media Survey, a media analysis service, displayed a Kindle wireless device, which can be used for news reading. "More than a product, it's a symbol. A symbol of hope for the publishing business,  the journalism business," he said.

But panelist Mike Masnick, a blogger and CEO of analysis firm Floor64, shot back," That device is not the savior of journalism."   The device, Masnick explained after the session, is "a very specific device for a specific purpose,"  with its own limitations.