Why are newspapers on the verge of bankruptcy?
There are a few theories: they don't charge for online content; immediate access to news via the Internet and cable news have made them irrelevant; and they have their priorities confused.
If you need an example of the latter point, look no further than a copy of The Los Angeles Times from last week:
The newspaper feauted Khloe, Kourtney and Kim Kardashian on its FRONT page, immediately below news on President Obama's health care plans and the capture of a major Taliban figure.
Imagine what happens if Khloe actually makes a sex tape. She might be above the fold next time!
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