And the newspaper companies' tribulations do not necessarily presage the demise of the news business, for they stem in part from the tumultuous and expensive transition from paper to electronic distribution.
We could start the transition today, using existing low-cost all-electronic tolling (transponders and license-plate imaging) on all limited-access highways, such as Interstates and expressways.
Mr Murdoch says that some media firms, at least, will be able to navigate the transition as advertising revenue switches from print-based to electronic media.