The old journalism is broken, now it's time to fix it: The Carnegie Corporation and the Knight Foundation are contributing a total of $6 million over a three-year period to five top U.S. schools (Columbia, Cal-Berkeley, Northwestern, USC and Harvard) to "try to elevate the standing of journalism in academia and find ways to prepare journalists better."

The dean of the Graduate School of Journalism at Cal-Berkeley explains what's at stake:

"Journalism as a whole is clearly in something of a crisis. Those of us who run journalism schools are confronted with the prospect of ever fewer distinguished media outlets - especially in broadcast - to which we can aspire to send our students to work. So this is a time not only to try and make journalism schools as relevant as possible to the evolving profession, but also to have universities begin to weigh in on the debate about what happens in the media."

No word yet on whether blogs and podcasting will become part of the new training in journalism.