Newspapers need a new and sustainable business model. No bailout will provide that. Either the7 continue to produce what they produce by collecting sufficient revenue from advertisers and news content consumers, or they continue to adjust the product to produce what they can afford to profitably produce.

[Notice that in contrast that it is possible top domestically produce autos at a profit as long as you can manage labor and legacy (retiree)costs. My sense is that the issue with declining revenue is far more serious with newspapers. I can't download a pickup truck for free on the internet.]

Let’s face it, the news industry faces a substantial problem with parasitism. It’s getting harder and harder to make remaining customers pay for what everyone else is consuming at no cost. Ultimately, sooner or later, the true monetary value of what journalists produce will be established, and the people who want that product will be asked to pay for it.

And you know what? That’s fair.

Expect a big battle over copyright laws and internet taxes and such over the next decade or so. I know many folks can’t stomach it, but if you ask me its a question of when, not if.