The Slow, Painful Death of the Media's Cash Cow

Most of the newspapers currently in operation will ultimately die, because the Internet rewards scale rather than deep local knowledge. They will die whether they stick to their knitting or go all-in on “digital first.” And their deaths will, as deaths tend to, be rather unpleasant. I’m not going to tell them to waste the time they have left on a long-shot chance at life. But I’m not quite willing to tell them they shouldn’t, either.