The State of the News Media study focused on seven areas: restructuring content, emerging business models, traditional advertising models, public ownership of media, developing online-specific content, blogging and ethics in a digital age.
The group found that while there are more outlets than ever before - fueled by the growth of personal media - topic areas such as foreign policy, politics and elections dominate most coverage. Issues such as transportation, education, religion and development - hallmarks of localised journalism - made up less than 3% of the stories nationwide.
The result of this upheaval, according to the report, is that news organisations need to reconsider every aspect of the business to compete financially in a digital world.
"Journalism is becoming a smaller part of people's information mix," according to the report. "The press is no longer the gatekeeper over what the public knows."
