“A Long and Painful Transition from Print”

Fortune takes a sober look at the future of newspapers, with a focus on the Washington Post:

“Newspapers remain important institutions, providing a valuable public service, but their business model is slowly, or maybe not so slowly, going away.”

“[Chairman and CEO of the Washington Post Co. Donald E. Graham] has made the paper’s digital business his uppermost priority. “If Internet advertising revenues don’t continue to grow fast,” he says, “I think the future of the newspaper business will be very challenging. The Web site simply has to come through.”

“What lies ahead for the Post seems to be a long and painful transition from print.”

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