We’re in a transition, destination uncertain. Arianna Huffington may wake up some morning to find The Washington Post gone forever and the nakedness of her ripoff exposed to the world. Or she may be producing all her own news long before then. Who knows? But there is no reason to suppose that when the dust has settled, people will have lost their appetite for serious news when the only fundamental change is that producing and delivering that news has become cheaper…

If General Motors goes under, there will still be cars. And if the New York Times disappears, there will still be news.