The time has come for the newspaper industry to recognize that its business model is failing.
There does not seem to be any prospect for a miraculous turnaround. Print will not suddenly find itself re-emerging as a popular medium in a surge of throwback appeal. Craigslist is not going to fade away, forcing urban dwellers to flee back to papers to sell their bicycles and rent their apartments. The ink-stained wretch is a dying breed.
That is the general situation. The ...