The future of journalism is a contested field. The scenarios, visions, and other foresight knowledge that various actors produce create expectations of journalism’s futures that promote certain interests over others and conceal potentially darker undertones. The chapter critically examines foresight on journalism’s futures by embedding it in real-world complexities and socio-economic conditions. It does so by investigating peer-to-peer as one of journalism’s core futures imaginaries. Instead of the utopian understanding of peer-to-peer, the chapter shows how peer-to-peer journalism can be exploited in the value creation processes of cognitive capitalism. As a latent potential of this development, the chapter explores the rise of information elites, whose members enhance their productivity by consuming exclusive journalistic content produced in peer communities. The journalistic peer-to-peer imaginary is exemplified in two data sets of journalism’s future: predictions about the futures of journalism published in a thematic issue of Journalism and interviews with Finnish entrepreneurial journalists.