First, the bad news: Print newspapers are in “mechanical hospice,” with 2011 revenues on a par with earnings from the last quarter of 2006.

Then, the, um,  good news (sort of):

It’s Plan B time.

Time for some come-to-Jesus innovation. Those of us who still believe in the power of newspapers to bring people together, enlighten and entertain need to face the fact that right now we have nowhere to go but up. (more…)