Newspapers are in a no win situation, so every move they have made since the late 90s has been a mistake, because there is no way out. Digital is free. We can a

Newspapers are in a no win situation, so every move they have made since the late 90s has been a mistake, because there is no way out. Digital is free. We can all read free journalism until doomsday. A couple business publications (WSJ, FT) can erect a paywall and succeed -- most can't. Print readership is aging and shrinking as it dies. It is not the future. Print will become a luxury good, and newspapers will produce rare objects for a higher price to be enjoyed by a smaller audience of connoisseurs. The days of massive print readership are dwindling rapidly, even if print remains (decreasingly) profitable.