On the other hand, the Web really is a superb vehicle for stratifying what has been the industry's most profitable segment, and redefining its value proposition on its own terms. To a very large extent and in most cases, I sincerely believe this to be true. When I look at how newspapers make their money, I know it is not true. Unless America's newspapers adopt a radically different business model, the Web will kill them. Illustration by Dave Plunkert Join the HotWired Network, it's free .
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