Traditional media companies are struggling to adapt their old business models to new digital technologies, while emerging media companies are creating innovative new models. It remains unclear whether these new models will result in profitable businesses that can support journalism as traditional models did in the past. The panel discussion addressed key trends including the fragmentation of audiences, consumers' increasing demand for convenience and control over what media they access, and both Google and broadcast networks facing challenges from declining usage numbers. Panelists provided perspectives on the current state of the industry, near-term outcomes, challenges in monetizing digital news, and potential models for leadership.