The future of journalism is likely to be small scale and hard news scoops. That is what AllThingsD's Kara Swisher is thinking and she points not only to her highly successful site, but also to that of TheWrap.com, founded by former New York Times and Washington Post reporter Sharon Waxman. PaidContent.org comes to mind as another site in this mold.
I have a hunch she's right. Very lean with tightly focused and highly professional content is where journalism is heading. Waxman called them: "small, nimble, essential news organizations."
Here's a video of Swisher and Waxman discussing journalism and her startup.