Yes, the Web makes it way cheaper to present content. And, yes, there are fewer barriers to entry to both content providers and technology. But one plus the other does not equal profits, or even sustaining revenue.
(Note to the hand-wringers: It’s the newspaper industry that is on the endangered-species list, not journalism itself, which merely is undergoing a transformation).
I think the same thing about the massively unenlightened newspaper executives around the country. They have, after all, lined up time, technology and new ideas, and shot them in the head. Now, one by one, they are swallowing the poison -- gutting their staffs and their products -- that makes the death of newspapers almost a fait accompli.