As they should. Print newspapers made their money by exploiting the high barrier to entry in the publishing industry to create local advertising monopolies. The

As they should. Print newspapers made their money by exploiting the high barrier to entry in the publishing industry to create local advertising monopolies. They compete in a much larger market for online advertising, and very few local papers have anything to distinguish themselves from other local or national papers. There will probably need to be a wave of bankruptcies and consolidation around a handful of national papers before print journalism stabilizes.