Whither withering newspapers?

There’s nothing new at all in today’s New York Times story about the failing newspaper industry. It’s a basic roundup with a few more depressing quotes from the likes of Brian Tierney, who surely must regret his purchase of the Philadelphia Inquirer now.

What I wish were there was reporting on the next step: going to anyone and everyone asking them what they would do with a paper. If you bought the Sun-Times (who would?) or own the Boston Globe (speaking of regret) what radical steps would you take to rescue what matters?

I’ll throw in my two cents shortly. But I want to hear: what would you do if you owned a newspaper?