NEW YORK (AdAge.com) -- Time Inc. CEO Ann Moore is bullish on the future of fact-based, professionally-produced news media, despite massive layoffs and the growing power of non-traditional media like blogs and "citizen" journalists. She pointed to a recent multi-billion dollar inaccurate-news disaster that demonstrates how citizen journalists can create major liabilities. Her remarks came in an acceptance speech at the Magazine Publishers Association's Magazine Lifetime Achievement Awards.