It’s quite possible—likely even—that other major newspaper companies will have to restructure under bankruptcy protection to make it to the other side. But if they do, those with digital-subscription revenue streams will have a better shot of making it in the long run.
JRC is about to take a second bite at the apple, the bankruptcy court willing. Here’s hoping it can crack the code on a digital business model (perhaps with the help of subscriptions) that supports the kind of newsgathering its communities need.
In the meantime, a little humility wouldn’t hurt.