If newspapers as we know them go away, who or what will act as democracy’s watchdog?

That’s the question of the day as the newspaper industry transforms itself, and the subject of a panel discussion this Friday, April 17, at the Portland City Club, a non-profit public affairs and research organization.

Panelists taking part in the debate include Peter Bhatia, executive editor of the Oregonian; Alan Stavitksy, associate dean at the University of Oregon’s School of Journalism; and Charity Fain, the City Club’s executive director.

The lunch program started at 11:30 a.m. at the Governor Hotel, 611 SW 11th in downtown Portland. Cost is $16 for members and $20 for nonmembers. More information or online registration is available here.

These days freelance writers have to keep up with the times – the New York Times, that is, and the LA Times, the Washington Post and the Christian Science Monitor. Why? The fortunes of newspapers are changing and it’s changing what they want – or don’t want – from freelancers. Shrinking newspapers advertising means shrinking news holes, and that means fewer opportunities for freelancers to sell features, essays and other pieces to papers.

Opportunities haven’t dried up completely, you just have to know where to look. For example, a freelance writer I know just landed a deal to write a regular adventure travel column for a major daily newspaper. Other papers are upping their spending for online and multimedia projects, a potential boon for freelancers who are as good with a camcorder as they are with a keyboard.

The same holds for magazines. While some consumer magazines are getting thinner by the month, others are holding steady, and some publishers are even launching new publications. The same thing’s happening in the trades. While many b-to-b or trade magazines have seen drops in ad pages or revenue or both from this time last year, business magazines in some industries are doing OK, and some are showing strong improvements from 2007.

A smart freelancer needs to keep tabs on all that. But how?

Actually, that’s easy. Thanks to some ambitious news hounds, you can read a couple blogs on a regular basis and keep tabs on who’s out, who’s in, what’s launched, what’s died, what’s hot, what’s not – the zeitgeist of the whole media business. My favorites:

Romenesko – Far and away, the most comprehensive blog for capturing the daily drama that is the U.S. newspaper business. Yes, you can go to Poynter Online and read it, but it’s even better to subscribe and find it, like a little gem hiding in your otherwise boring email inbox.

Mr. Magazine – What Romenesko is to newspapers, Samir Husni, aka “Mr. Magazine” is to magazine. Husni is the chair of the University of Mississippi Journalism Department. He’s also the brains behind the annual listing of most notable magazine launches, which he writes about in his Mr. Magazine blog. His pick for most notable launch in 2007: Conde Nast Portfolio.

Mediabistro’s Revolving Door – Mediabistro, the online support system for journalists (job listings, classes, forums, etc.), delivers this tasty dish of industry comings and goings twice a week. Read it at the Website, or register – it’s free- and have it delivered.

Magazine Health Watch – If numbers are your thing, this is your kind of place. This database of information on ad pages and revenue in consumer and business publications is updated daily by Inquiry Management Systems, a publishing service company. The interactive database lets you slice and dice listings any number of ways, handy if you’re interested in finding out which magazine categories are on the rise. Did you know that ad pages for sales management magazines (there are 11) rose 21 percent in the first quarter of 2008 compared with the same period the previous year?

Got your own favorite Website or blog for keeping tabs on the news business? Leave it in a comment and I’ll post it here.

The Los Angeles Times today named Russ Stanton editor. Depending on how you feel about the present state of the newspaper business, this is either really good or really bad news, and for Stanton, a really good or a really bad job. I’m of the mind that it’s good on both counts, and not just because I once sat in a cubicle across the aisle from Stanton when we were business reporters at the Orange County Register.

For the past year or so, Stanton’s been the paper’s Innovations editor, charged with overseeing the paper’s Web site and more generally, bringing it into the digital age. For Sam Zell, the paper’s new owner, and the David Hiller, the current publisher, to tap a Web guy for the top job over the other finalist, a veteran Times editor whose rise through the ranks was took a more traditional trajectory, says a lot about the direction they want the paper to take. If they use this opportunity to continue beefing up their online news presence – and make money and save newsroom jobs doing it – they could create a template for newsroom innovation other papers would eagerly follow.

But none of this is happening in a vacuum. In the past three years, the Times has seen three editors come and go, all of them quitting to protest budget cuts that lowered newsroom headcount and morale. Revenue from advertising continues to drop at the Times and throughout the newspaper industry. On Feb. 14, the New York Times said it was cutting 100 newsroom jobs due to declining ad revenue. Nice Valentine.

Stanton will have his work cut out for him. For starters, he has to deal with the 100 news job cuts across the entire Los Angeles Times Media Group announced Feb. 13. In addition to the daily paper, the group includes community papers, a Spanish-language paper and an entertainment guide. But he appears up to the challenge. In a newsroom speech after his promotion, Stanton said: “”I have grown tired and am now hopping mad over this seemingly endless ‘Groundhog Day’ nightmare.” He also said The Times would have “to figure out how to break this self-defeating cycle before it does indeed result in our defeat.”