Woodward? Google? A Plague Week - New York Times

Like many older mass media technologies, Radio and tV didn't kill of newspapers and books. Things move over a little. The problem is the uncertainty and retarded reporting by newspapers. It is a good time to buy newspaper stocks because they make money! Think about this, Altria which generates a ton of cash with cigarettes (something that is getting regulated and banned all over the place ) is considered a great stock. Profit margin? 16%. What about any of those other high fliers? Usually under 10%. Newspapers make 20% on average! Competition is a good thing and will make newspapers better (if they don't cut your nose off). The key is that they have to offer something different than the Web (maybe better than the Web). That's where they will make their money.