Daily newspapers will one day provide the most intriguing episodes in the story of how traditional media was tortured and tamed by the digital new wave. But the winners are starting to draw away from the losers in a race many will not finish. Try this hot four of traditional media companies in Europe and the US.
What's wrong with newspapers? We could spend the next year struggling to answer the question, while traipsing through the undergrowth of the internet, of consumer tastes and news appetite, and of the competition for time, money and advertising. Newspapers are, of course, a format, not a media channel.
It feels slightly retro to be writing a piece about newspapers. Remember those? Silly, old fashioned, cumbersome things that left you with inky fingers and something to wrap your chips in. Believe it or not they're still around, and every day thousands of journalists put their heart and soul into producing them.
This is a story of three octogenarians. It is 60 years since the death, aged 88, of (William) Randolph Hearst, now the world's second most famous newspaperman. The fearsome publisher-cum-politician, who is debited with creating "yellow journalism", was lampooned in Orson Welles' 1941 movie, Citizen Kane.