Via Gerd Leonard’s brilliant Media Futurist: Arianna Huffington talking to the House Committee about the Future of Journalism. Basic points: there’s no “way back” machine, tax subsidies and bailouts are like “putting [one's] finger in a dike to stop the flow of innovation.” I.e., not going to happen. Her two thoughts on saving journalistic media: online advertising and investigative journalism increasingly done (aka “rescued”) by non-profit foundations.