[Newspapers] will fail in spectacular ways when asked to cope with shrinkage. And make no mistake, the scale of any news business that asks its readers to take primary responsibility for underwriting the costs of journalism will be tiny when compared with the fat times at the end of the last century.
Steve Yelvington debunks the American Press Institute’s report on models of paid online content. You can read the Newspaper Economic Action Plan as a .pdf document here.
[via @cshirky]
