Of late, we're in constant search of a cure-all that's going to rescue the struggling media industry. Like the iPad. But Iceland, who's been slammed particularly hard by the global recession, is turning the tables in hoping the media can help save its economy.

Here's the deal, if all goes according to plan: On Tuesday, the Icelandic parliament (Althingi), aided by the temporarily defunct Wikileaks and the Iceland Modern Media Initiative, will begin to pass journalist-friendly laws that will turn Iceland into a "journalist's haven." Icelandic policies on source protection and freedom of speech will soon be the strongest in the world, and the little Scandinavian island will become a hotspot for the publication of investigative reporting.

Global news organizations will flock to Iceland's capital city, Reykjavík, and set up camp there, free from the libel tourism that previously hampered their efforts. Journalists seeking unfettered freedom of expression will arrive in throngs, boosting local commerce and growing Iceland's fatally wounded economy. Newspapers will no longer suffer the types of legal fees that formerly stunted their performance and ability to pay reporters. Iceland and journalism will develop a symbiotic relationship.

Sounds like a fool-proof resolution, sort of -- if everything goes perfectly according to plan and the endless number of stumbling blocks can be avoided.