Newspapers in crisis

Good article in Pajamas Media about what we already know -

The daily newspaper industry stands at a precipice. Rocked by declining print circulation and advertising, disruptive Internet technologies and competition from a variety of new players and industries, the traditional bedrock of American journalism faces a classic change-or-die scenario. Whole swaths of the American populace have abandoned newspapers or are growing up without the habit of reading them. And while the Web sites of news organizations are attracting more readers than ever, the online advertising business is nowhere close to making up for the steep slide in print.

Read more