Newspapers’ business model is under severe pressure. We all know that, so I wanted to find out how bad it is by going over to Silicon Valley’s hometown newspaper, the San Jose Mercury News, and meeting with Mac Tully, the President and Publisher.

It was interesting to hear how the economic downturn is going and how he’s moving more and more of the newsroom over to the San Jose Mercury News’ online efforts. Plus we talk about Twitter and Facebook and a bunch of other stuff in this 16-minute interview including the role of citizen journalists alongside professional journalists.

This is the newspaper I read as a child.

Do newspapers have a shot? Does this interview change your opinions?