Nostalgia for a journalistic golden age has gushed forth from an HBO documentary about New York City tabloid columnists Pete Hamill and the late Jimmy Breslin, combined with simultaneous obituaries about the era’s wry counterpart at The New York Times, Russell Baker.

It’s a pleasant distraction from current realities.

Pew Research data documents the “hollowing out” of the nation’s newsrooms, as lamented in the Memo last Nov. 15. Further developments require The Religion Guy to revisit the struggles in the news business.

Why? Let me state this sad reality once again: When times are tough, specialized beats like religion get hit first, and worst.

In just the past two weeks, a couple thousand media workers lost their jobs. The ubiquitous Gannett, known for eyeing the bottom line, enacted its latest round of layoffs even while facing a takeover threat from a colder-eyed print piranha. Particularly unnerving are the drawdowns at BuzzFeed, HuffPost, Vice and Yahoo, because online operations were supposed to make enough money to offset jobs lost at declining “dead tree” newspapers and magazines.

As Farhad Manjoo commented in a New York Times column (“Why the Latest Layoffs Are Devastating to Democracy”), there’s a “market pathology” at work. Digital advertising is simply unable to fund hardly anything except “monopolistic tech giants.” And those big players are “dumping the news” in favor of easier ways to make money. Results: “slow-motion doom” and “a democratic emergency in the making, with no end in sight.”

All this occurs as a U.S. President emits unprecedented public hate toward reporters, with Main Stream Media outlets then taking the bait to become ever more hostile and partisan, thus sullying their stature.

On the MSM facts front, don’t miss Glenn Greenwald’s list of the “10 Worst, Most Embarrassing” blunders regarding Donald Trump and Russia. And my goodness did you see those lapses about First Lady Melania in the respected London Telegraph?!

Now along come two important insider accounts of what’s been going on across the industry: “Breaking News: The Remaking of Journalism and Why It Matters Now” (Farrar, Straus) by Alan Rusbridger, former editor of Britain’s The Guardian, and “Merchants of Truth: The Business of News and the Fight for Facts” (Simon & Schuster) by Jill Abramson, former Washington bureau chief and executive editor of the Times. Note that both of their dailies have fared relatively well in online competition.