Ad spend
@Charlie - "as advertising spend goes online, there's less left over for trad media"
Getting half a million people to pay a pound a day, every day, gives you quite a nice income. Putting everything online gives us no reason to spend a pound a day. So they're accelerating the decline. And as we've said many times, the general audience on the web isn't worth much to an advertiser.
See Lettice on Jarvis here -
http://www.theregister.co.uk/2009/03/22/google_worship/
The reason you find the analysis faulty is because you have a simplified view of the world. The internet is not going away, and it is not "killing newspapers". The newspapers are committing suicide.
@anon: I think it's because we've seen so many slates and tablets fail. Even if it's great, it's still only a great gadget. It isn't going to save entire business sectors.
@ratfox - I always aim to please.