A railroad company could have moved into the trucking or air freight business. But newspapers had no chance to move into the "world wide web" business. There wa

A railroad company could have moved into the trucking or air freight business. But newspapers had no chance to move into the "world wide web" business. There was nothing they could do to match the information distribution capability of social networking, online communities or news aggregators. Times have changed, and I'm not sure that there was anything that newspapers should have done differently. I don't like the idea of a CEO saying "Well, it looks like our market is shrinking so I'd better start organizing an orderly failure"...but I don't know what I would do in a similar situation. At this point you would have to be truly visionary/insane to move very far away from your core business.