Glenn Reynolds on Newspaper Reform

Glenn Reynolds has published a terrific article in TCS Daily about what conventional newspapers can do about their shriveling influence.
It starts with the bad news for papers:

Moody’s is looking at downgrading the New York Times’ credit rating. The Times’ stock is doing badly. And other newspapers are in trouble, too — the staff of the San Jose Mercury News has resorted to launching a “save our paper” website.

See the full article for more.