Audit Chief Dean Starkman has the cover piece in the new issue of CJR looking at what he calls “The Hamster Wheel”—the digital-age downsized newsroom’s push to squeeze more and more from less and less.

What is the Hamster Wheel?

The Hamster Wheel isn’t speed; it’s motion for motion’s sake. The Hamster Wheel is volume without thought. It is news panic, a lack of discipline, an inability to say no. It is copy produced to meet arbitrary productivity metrics (Bloomberg!). It is “Sheriff plans no car purchases in 2011,” (Kokomo Tribune, 7/5/10). It is “Ben Marter’s Home-Cooked Weekend,” (Politico, 6/28/10): “Saturday morning, he took some of the leftover broccoli, onions, and mushrooms, added jalapenos, and made omeletes for a zingy breakfast.” Ben Marter is communications director for a congresswoman. It’s live-blogging the opening ceremonies, matching stories that don’t matter, and fifty-five seconds of video of a movie theater screen being built: “Wallingford cinema adding 3 screens (video),” (New Haven Register, 6/1/10). But it’s more than just mindless volume. It’s a recalibration of the news calculus. Of the factors that affect the reporting of news, an underappreciated one is the risk/reward calculation that all professional reporters make when confronted with a story idea: How much time versus how much impact? This informal vetting system is surprisingly ruthless and ultimately efficient for one and all. The more time invested, the bigger the risk, but also the greater potential glory for the reporter, and the greater value to the public (can’t forget them!). Do you fly to Chicago to talk to that guy about that thing? Do you read that bankruptcy examiner’s report? Or do you do three things that are easier?

None of this is written down anywhere, but it’s real. The Hamster Wheel, then, is investigations you will never see, good work left undone, public service not performed. It is the perceived imperative to churn out every story that might have been nice to have had, at some point, maybe, given unlimited resources, but that, given highly constrained news budgets, should be allowed to recede into history unrecorded—or unrecorded by you, even if it is recorded by a thousand others. How many readers really ask themselves, “I wonder why my site didn’t have that Lugar-urges-‘common sense’-in-new-farm-dust-trials story?” (AP, 8/9/10). You say, “Why not have it?” I say, “Because it isn’t free.” The most underused words in the news business today: let’s pass on that.

The Hamster Wheel, really, is the mainstream media’s undoing, in real time, and they’re doing it to themselves.

Go read the whole thing here or go ahead and subscribe to the magazine here.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.