Plenty to ponder about the future not just of the established news industry but also of other old media players in this post from Jeff Jarvis and the numerous comments:

You’ve had all that time to reinvent your products, services, and organizations for this new world, to take advantage of new opportunities and efficiencies, to retrain not only your staff but your readers and advertisers, to use the power of your megaphones while you still had it to build what would come next. But you didn’t. You blew it.