If you’re a book publisher, you’re not really in the book business. You’re in the information business. How that information is shared is largely irrelevant, as long as it creates value for your customers and can be monetized.
If you’re a newspaper, you’re definitely not in the printed news business. Certainly not anymore, or at least not for long. I read The Seattle Times more now than ever, but I don’t get ink on my fingers. I read it online, and read some of their bloggers multiple times a day. Competing in the category of news will be difficult (or at least highly competitive) for newspapers moving forward. But the opportunity to synethize large piles of complicated information into something that’s understandable, relevant and actionable for me? That has value.