When news makes mistakes

An independent study recently found the Rolling Stone article about gang rape at the University of Virginia to be untrue. The error is serious. Gang rape is serious, and accusing a fraternity of such heinous behavior will not go without consequences. 

When mainstream media makes such egregious errors, it makes me worry about the future of mainstream media. But it also makes me wonder--what caused those errors? 

The New York Times said the investigation found that the editing process failed at nearly every step. Could these failures be from scaling back as a result of the decline of print media? If so--this wouldn't be good news because it means that more horrible mistakes, more failures of the editorial process, will be almost certainly inevitable at other newspapers and magazines. 

Hoping the press conference at noon will shed more light on the situation.