For all of Stanley Bing's columns on TheStreet.com, click here.A few months ago, I somewhat confidently predicted that newspapers would survive the current pressure on their business. I still believe that to be true. But recent news about the news is not so good.
So to transform themselves into a leaner, 21st century beast, The Times made its employees an interesting offer -- to retrain seasoned reporters to work on the Web. Let's forget about the fact that the Web is even less profitable than its brick-and-mortar counterparts for a moment; it's clearly going to be where people get at least part of their news until G3 cerebro-cortical implants come along. Apparently, what the newspaper didn't tell its tenured reporters was that those who were retrained would have to leave their seniority and all that came with it behind and be hired as newbie Web trawlers. Enthusiasm for the plan seems to have foundered in the wake of this insight. This entire interesting tale is laid out on former Times reporters Sharon Waxman's The Wrap. Take a look. Honestly, I don't know what the bottom line will be in the end. I do know that if I have to get all my news from the Internet, I will cry.