She's right, of course. And I certainly don't think the newspaper industry is going to disappear. Radio was supposed to be dead sixty years ago when TV started to establish itself. Instead, the broadcasters adapted, re-formatted, re-targeted, and have (mostly) prospered. The same will happen, I suspect, with newspapers.
But during the period of adaptation, I fear there will be many casualties. This week:
Again, while the industry will survive, many individual papers won't, and those that do will be smaller in every way -- fewer pages, fewer reporters, less coverage; and on the ad side, there will be fewer readers and therefore less reach for advertisers.
- The East Valley Tribune, the #2 paper in metro Phoenix, lays off almost half their staff, pulls out of Scottsdale and Tempe, cuts to four days a week, and converts to free circulation.
- The LA Times announces another big round of layoffs.
- Freedom Communications, the owner of East Valley Trib and the Orange County Register, is in violation of its loan agreements.
- And a Forbes report adds that the New York Sun closed, the Minneapolis Star-Tribune skipped a debt payment, and S&P put Gannett on credit watch.