Folio: magazine, the magazine industry bible (not online, alas), reports that prospects for new graduates just aren't what they used to be:

"There were several years where you could walk right out of here into a big-name publication," says the career services coordinator at Columbia. "Now I'm telling them their best bet is small-town daily newspapers, and to really prepare for a long search."
...
"Instead of encouraging students to aim high, career counselors are instead encouraging them to 'think beyond the scope of one geographic area,'" says a career counselor at the Missouri School of Journalism. "Or be willing to toil at the copy desk just to get a foot in the door."

Please excuse any typos--It's hard to type through my tears.

On the other hand, I do feel sorry about the woes of the Oxford American, the music and culture magazine of the American South. Media Life reports that they were looking for additional funding by May 15 or threatening to close up shop.

Since May 15 has come and gone, I haven't heard any more.

On the other hand, not all is dark. The world of rock and roll journalism now has its first woman editor. Apparently Sia Michel has been at the helm of Spin for a couple of months. No word on whether she is responsible for that Jimmy Fallon cover.