I don't regret my degree either. Like a few other sentiments, I regret some of the stuff I did with it early on.
I was really unwilling to leave my area when I first graduated. I got kind of screwed over at my college town paper. Sports editor, who I worked for on the cheap for a whole year prior doing the total job said he didn't hire new college graduates. Never mind that newsroom was filled with my clashmates getting their first jobs. But I could have gotten a job any number of places. So I ended up doing news at a weekly, and that actually was a very good experience too, but if I had expanded my horizons I could have been in sports right away and who knows where I'd be if I did that.
I finally did after six months and got a sports job at a bordering state, but not far away from comforts, and it was great and I got to do everything imaginable. Then I got tied down to my wife's professional training and didn't have any options. After being tied to location, I did get into a mid-to-large sized daily, but after fighting to get into sports (again, did tons for them but they wouldn't give me a real job), settled for the news desk and it was honestly great. That was also flexibility I wouldn't have a few years earlier. Then did a few internet and trade things after moving again before mostly getting out of the business.
The degree, though, has served me well and kept me up in marketing and information and helped me with other ventures, not professional. I started writing and editing again on a contract basis a little more than a year ago and work 15 to 20 hours a week and actually it's now my second-highest-paying journalism job! Says some about the pay in the industry, but also that there can be something out there if you look for it. I could do more of this work and make more, and I was out of the biz totally for 14 years and still landed it (other experiences surely helped).
I wonder about layoffs at past stops and all that, but I worked with there people in that mid-to-large-sized area that are now comfortable on a national level (one a broadcaster for some of your favorite NFL and major college games), and another who works as a broadcast media guy for an NBA team (he was print when I was with him). So opportunities were and still remain if you can stick with it. I can't think of another degree I really would have wanted, although I don't think I'd encourage anyone to do this now.