The risk of not adapting

"The main problem with newspaper websites is that publishers have been reluctant to change their analogue business models and newsrooms their analogue journalism in order to adapt to the rising digital storm. Publishers' shortsighted vision, based mostly on pleasing investors, made them blind to the changes the Internet is bringing further down the road. Because of this, newsrooms have been losing the resources, financial and personnel, they need in order to adapt instead of lowering profit expectations and investing their money back into their digital journalism development."
- From the Editors' Weblog