To all of the bystanders reading this, pardon us. The true audience for this essay narrows necessarily to a pair of notables who have it in their power to save high-end journalism—two newspaper executives who can rescue an imploding industry and thereby achieve an essential civic good for the nation. It’s down to them. The rest of the print journalism world is in slash-and-burn mode, cutting product and then wondering why the product won’t sell, rushing to give away what remains online and wondering further why that content is held by advertisers to be valueless. The mode is full-bore panic.

And yet these two individuals, representing as they do the two fundamental institutions that sit astride the profession, still have a card to play, and here’s a shard of good news: it’s the only card that ever really mattered. Arthur Sulzberger Jr. and Katharine Weymouth, publishers of The New York Times and The Washington Post, are at the helms of two organizations trying to find some separate peace with the digital revolution, though both papers have largely failed to do so, damaging their own still-formidable institutions and, on a deeper level, eviscerating more vulnerable regional newspapers and newspapering as whole. Yet incredibly, they delay, even though every day of inertia means another two dozen reporters somewhere are shown the door by a newspaper chain, or another foreign bureau closes, or another once-precise and competent newsroom decides it will make do without a trained city editor, an ombudsman, or a fully staffed copy desk.

This then, is for Mr. Sulzberger and Ms. Weymouth:

Content matters. And you must find a way, in the brave new world of digitization, to make people pay for that content. If you do this, you still have a product and there is still an industry, a calling, and a career known as professional journalism. If you do not find a way to make people pay for your product, then you are—if you choose to remain in this line of work—delusional.

I know that content wants to be free on the Internet. I know that the horse was long ago shown the barn door and that, belatedly, the idea of creating a new revenue stream from online subscriptions seems daunting and dangerous. I know that commentary—the froth and foam of print journalism—sells itself cheaply and well on thousands of blogs. I know that the relationships between newspapers and online aggregators—not to mention The Associated Press and Reuters—will have to be revisited and revised. True, all true.

Most of all, I know that here you are being individually asked to consider taking a bold, risk-laden stand for content—that antitrust considerations prohibit the Times and The Post, not to mention Rupert Murdoch or the other owners, from talking this through and acting in concert. Would that every U.S. newspaper publisher could meet in a bathroom somewhere and talk bluntly for fifteen minutes, this would be a hell of a lot easier. And yes, I know that if one of you should try to go behind the paywall while the other’s content remains free, then, yes, you would be destroyed. All that is apparent.

But also apparent is the fact that absent a radical revisiting of the dynamic between newspapering and the Internet, there will be little cohesive, professional, first-generation journalism at the state and local level, as your national newspapers continue to retrench and regional papers are destroyed outright.

You must act. Together. On a specific date in the near future—let’s say September 1 for the sheer immediacy of it—both news organizations must inform readers that their Web sites will be free to subscribers only, and that while subscription fees can be a fraction of the price of having wood pulp flung on doorsteps, it is nonetheless a requirement for acquiring the contents of the news organizations that spend millions to properly acquire, edit, and present that work.

David Simon is a writer, author, and television producer. He is the creator of HBO's The Wire and the New Orleans-based Treme. From 1982 to 1995, he was a reporter at The Baltimore Sun.