More time to perfect the model

There is a good post from Howard Owens who writes that

if it took newspapers more than 100 years to build the business and content models that we all now cherish, why do we expect a fully formed online model to emerge in just 10 years?

Of course there is one problem with this.

In our current economic society it is doubtful whether the business model will be given time to develop.Nevertheless a good point from Howard