We are seeing, as Jack Shafer and others have pointed out, a death spiral in which newspapers react to their loss of readers by cutting back on their news-gathering resources and raising prices, thus making themselves even less attractive to readers. Yes, Warren Buffett has recently bucked the trend with his purchase of the Media General chain. But I doubt he’s reversed it. And I’m not sure it ever could have been reversed. Dealing with disruptive innovation is difficult at any time, in any industry. But the business models of metropolitan daily newspapers in the U.S. pretty much set them up for failure once the Internet arrived. And even if they’d succeeded, their news operations would be endangered anyway.