Lessons from the Negro Leagues
Read a book on baseball's Negro Leagues. Their last profitable year was 1946. The next year Jackie Robinson went to the Dodgers, the fans started deserting them and they never made money again. But -- here's the interesting part -- for the next decade, the owners in the shrinking league thought that all they had to do was reorganize, drop a team or two, and they'd be fine. Didn't happen.
I bring it up because of what's happening to my industry, newspapers...