Fourth in a five-part series on the revolving door between journalism and government in New Jersey. Yesterday, Debbie Holtz asked if reporters protect their former sources when they move from journalism to working for politicians.

Gov. Jon Corzine's new Communications Director is a Star-Ledger reporter who has covered him for the last three years These days, it seems like a week does not pass by without news of red ink running through daily newspapers. Is the troubled financial condition of the newspaper industry driving more and more reporters to PR jobs?

“Anyone who reads the business section of the newspaper knows the current climate,” explained Dr. Barbara Reed, a professor of Journalism at Rutgers University. “Everyone in journalism is aware of the current climate and we are all very worried.

“Whether it is the New York Times, the LA Times, the Chicago Tribune or the Miami Herald – and these are among the best 10 papers in America - they are all experiencing hard times. It’s a very hard place to be in because the advertising is drying up.”

Back in and around New Jersey, the picture isn’t any rosier.

First in a five-part series on the revolving door between journalism and government in New Jersey

Gov. Jon Corzine's new Communications Director is a Star-Ledger reporter who has covered him for the last three yearsRecent job jumping by veteran Statehouse newspaper staff raises uncomfortable questions about ethics, full disclosure, and the fate of news sources who suddenly find themselves politically vulnerable in the reporter’s afterlife. Over the next week, we’ll pull back the curtain on a century-old conundrum by asking media industry experts where the line should be drawn.

Consider this scenario: A state senator interviews for a job at PSE&G. Between the interview and the offer, the legislator votes on a utility industry-related issue. How would the press treat the story when it’s later learned the senator was resigning to take a fulltime position with the energy company?

To be certain, reporters would scurry to check the legislative code of ethics for an actual or perceived conflict of interest.

But what's the reaction when a reporter goes from covering the Governor to covering for the Governor as his communications director? Since media organizations are not public entities, the do’s and don’ts of reporters’ post-employment codes of conflict are largely unknown.