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From that moment on, the newspaper became a highly lucrative investment for those with a talent for making money or for publishers wanting to gain a fortune.

Newspapers with declining circulations can complain all they want about their readers and even say they have no taste. But you will still go out of business over time. A newspaper is not a public trust - it has a business model that either works or it doesn't.

There is a long history of newspapers being doomed. They were doomed by radio. They were doomed by television. They were probably doomed by the telegraph way back when.

The printed newspaper is a powerful showcase for news, opinion and advertising.

A good newspaper is never nearly good enough but a lousy newspaper is a joy forever.

Great journalism will always attract readers. The words, pictures and graphics that are the stuff of journalism have to be brilliantly packaged; they must feed the mind and move the heart.

In essence, I see the value of journalism as resting in a twofold mission: informing the public of accurate and vital information, and its unique ability to provide a truly adversarial check on those in power.

I think we'll always have newspapers, but they'll lose influence.

Think of it: television producers joining with newspapers to tell stories. It's journalism of the future. Advertising will follow the crowd - the 'crowd' being viewers and readers, of course, which could bring revenue back into journalism.