In the newspaper world, small is the new big. Or soon will be. As newspaper executives bemoan declining revenues, editors slash reporting staffs and foreign bureaus, and investors flee from the industry, small, local papers may be in a far better position than major metropolitan dailies to ride out the shockwaves of the changing media landscape.
Long derided as fish wrappers, small papers were the original "micromedia," and have persisted in America ever since ornery colonists started cranking out broadsheets.
While the ...