Brian Gongol

In a column styled as an open letter to Warren Buffett, Steven Pearlstein suggests that so many American newspaper companies are in trouble now that one could buy them all up at a fire-sale price, and turn the newspaper business into a national syndicate. Clever, perhaps. But unlikely, too. Saving America's newspapers from financial ruin is a project that takes more than just some clever economics of scale. It also requires a thorough reconsideration of what a newspaper really does. Putting a journal of past events on dead trees is an inadequate answer.

There are only 19 fixed-line phones for every 100 people on the planet today. But there are 50 mobile phone lines for every 100 people walking the Earth. Scary thought.
