Newspaper sales in the US have been declining for years, but the global financial crisis looks set to push the American print media industry off a cliff. Did the media dig its own hole? Is this the death of American newspapers? Here's what the pundits say:

Beer is a better investment than US newspaper companies. Do the executives who manage America's major daily newspaper publishing companies think they know what they're doing? They'll assure you the answer is yes. But how obvious does the evidence have to be before even they have to admit that the answer obviously is no? -- Digital Deliverance