As we’ve seen just yesterday, the Post still puts out a good deal of top-level journalism in its weakened state. But that’s under continual threat, and the business side needs a serious change in philosophy to keep the Post from withering away.

UPDATE: Clay Shirky responds here and I reply here.

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.