"...PARIS — When photojournalists and their admirers gather in southern
France at the end of August for Visa pour l'Image, the annual celebration
of their craft, many practitioners may well be wondering how much longer
they can scrape by.
Newspapers and magazines are cutting back sharply on picture budgets or
going out of business altogether, and television stations have cut back on
news coverage in favor of less-costly fare. Pictures and video snapped by
amateurs on cellphones are posted to Web sites minutes after events have
occurred. Photographers trying to make a living from shooting the news
call it a crisis.
In the latest sign of distress, the company that owns the photo agency
Gamma sought protection from creditors on July 28 after a loss of 3
million, or $4.2 million, in the first half of the year as sales fell by
nearly a third...."