An industry, befuddled

This post on the Editors’ Weblog sums up the state of the collective vision and strategy in the worldwide newspaper business:

Who has the best business model? Associated New Media announced recently that it was to scale back its Evening Standard website because it was cannibalizing sales of its print edition. Today, the news is that Mirror Group Newspapers, parent company of the tabloid The Daily Mirror, plans on expanding its online ventures in order to increase online revenue and readers.