Myth and Reality

At Least according to Michael Learmonth over at the Newspaper project.

The myth is that

newspapers stuck their heads in the sand and just hoped the internet would go away.

The reality says Michael is that

newspapers took some of the biggest, earliest swings on the web, most turned out to be misses, and then got steamrolled by Google just like everyone else.
The nation's print media may be on life support, but some are quietly building digital portfolios again -- albeit on a smaller scale -- and some are starting to bear fruit.