Guardian column: The LA Times’ day arrives

My Guardian column this week is a condensation of some of the discussion here about the LA Times’ online revenue equalling the paper’s total editorial payroll and what that could mean for the digital future of news:

So in the LA Times revelation, I see hope: the possibility that online revenue could support digital journalism for a city. The enterprise will be smaller, but it could well be more profitable than its print forebears today and – here’s the real news – it would grow from there. Imagine that: news as a growth industry again.