When Luis Charalambous enrolled in a media degree at the University of New South Wales, he dreamt of being a television reporter. But a year ago, just as he was completing his studies, news of savage job cuts at Fairfax and News Limited broke. Already in short supply in a difficult industry, job opportunities were about to get scarcer.

Charalambous is not alone. As job prospects in the mainstream media decline, the number of journalism degrees offered by universities continue to climb. The number of students enrolled in journalism courses has increased rapidly since 2007, but where will these young hopefuls work?