"Times are certainly far tougher today than they used to be for newspapers. Circulation nationally will continue to slip and in some cases plunge. But American papers have only failed when one or more of the following factors was present: (1) The town or city had two or more competing dailies; (2) the paper lost its position as the primary source of information important to its readers or (3) the town or city did not have a pervasive self-identity. We don’t face those problems."
--Warren Buffett, whose Berkshire Hathaway this week bought a group of newspapers that includes a number in Virginia. Story here.
(In Roanoke, I think No. 2 and No. 3 are strongly in play. Management and morale could be better, too.)
(* This, of course, assumes there is some need to save newspapers, which are simply one of many delivery systems for news and, decreasingly, advertising.)