Newspapers aren’t doing as badly as you think, says Slate’s Daniel Gross. His point seems to be that the huge decline of the past year is nothing special — lots of businesses took a bath this last year. And he points to signs of recovery, including a nearly 10 percent profit at the chain that laid me off last year, Gannett. And to be sure, it’s far from a safe bet that the newspaper industry will actually die off in the next decade or so.
But he doesn’t address the longer-term decline that newspapers have been grappling with for well over a decade.