Newspapers are in a weird spot because they're vitally important and making money. But private equity parasites are never happy and think that you can cut your way to profitability. They want to bleed newspapers into good health.

They're obviously wrong. People are willing to pay for quality.

Good news for Philly is that the Inquirer is owned by a non-profit and is healthy. Be glad that you're not in a Gannett or McClatchy market. They're really screwing things up.

Edit: to make it more clear, newspapers have a private equity problem. Not a readership or revenue problem.