The Incredible Shrinking World of Photojournalism

A few years ago, cultural critics were the canaries in the print journalism coal mine. Today, photojournalists are the poster children for the tangible media crisis. The latest evidence of their plight? The bankruptcy of Gamma, the storied French photo agency that is now owned by Eyedea. A Paris court has given the parent company six months to reorganize, which will likely mean layoffs and fortifying the parent company’s profitable units, such as the one that produces celebrity photos.