Wall Street JournalNewspapers stumbled by copying fairly closely on the web what they did in print, rather than offer new products taking full advantage of digitization, says former Wall Street Journal managing editor
Paul Steiger. "The most creative new products came mainly from enterprises with little connection to newspapers. And soon, if you named almost any bit of data you used to rely on papers for -- sports scores, weather, stocks, movie times -- there were websites offering more information faster, and free. The decisive blow may have been Google's, with its powerful search engine that would either give you a quick answer to a question you had or steer you to sites that could. The irony, of course, was that some of the most useful of those sites were newspapers'."
Newspapers counted their profits while Yahoo and Google invented Internet...