...[T]he challenge facing our [newspaper publishing] industry is not that readers have lost faith in their newspapers, but that newspapers have lost faith in their readers.Wrong. Thinking readers have lost faith in the mainstream media, which function in some kind of weird alternate universe.
Newspaper publishers are missing the point. They don't have a clue as to how many of their former, dedicated readers have caught on that newpapers are not publishing certain stories, in a bow to political correctness.
Savvy news hounds have turned to the Internet because, so far, we have more political incorrectness and news accuracy in this venue. I barely read the daily paper anymore, and I know a lot of other people who are doing the same.
Capitalism is a wonderful system, but what's happening to newspapers today is not all about lost profits.