Is psychotherapy dead in psychiatry?

Sorry for the dramatic title, but I'm a medical student considering psychiatry as a specialty and I was hoping I might get some enlightening answers here. Please excuse any of the naivete I reveal in this post... I was curious what percentage of psychiatrists still spend most of their days in 50 minute psychotherapy sessions. I believe there is a definite place for antidepressants, etc., but I am interested in a career where I can develop long term therapeutic relationships with... Is psychotherapy dead in psychiatry?
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Source Type: forums