Yup. Shut 'em down. Or at least stop pretending the students who enroll in them have any more chance at a job than a kid with an economics degree and some good college paper clippings.
I taught at a J-school for two years. The students were bright people and I could see most of them working in media, if there were any jobs. They were good enough and smart enough. They will emerge with a BA that, on its own, is as valuable as a degree in anthropology or sociology. They'll have a bit of a door-opener into the public service, the private sector (other than in media), and might go on to law school. I used my own journalism degree, a Master's, as a stepping-stone to PhD studies, though most J-school Master's grads probably could not make that jump.
There are too many journalism schools in Canada. Most community colleges across Canada now have one -- which is outright fraud. There are now two university J-schools in Ottawa (the U of Ottawa-Algonquin-Cite College program is new), a new J-school at Wilfrid Laurier University, and several new ones in BC's rapidly-expanding undergrad university system. There are also established programs at UBC, Western, Ryerson, Carleton, Concordia, and King's College in Halifax.
That's way too many. At most, we need four: UBC, Ryerson (because of its connection to Toronto media, which really is where the bulk of hiring happens for jobs that pay more than minimum), Carleton (because of the quality of its school), and King's (for Atlantic Canada). Enrollment in all of those schools should be no more than about 150 people, all in undergrad streams.
Here's a piece from the Huffington Post about the J-school scam in the US, where the fees are higher and there are far more J-school students as a percentage of undergrads) than there are in Canada.