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Why are newspapers on the verge of bankruptcy?

There are a few theories: they don’t charge for online content; immediate access to news via the Internet and cable news have made them irrelevant; and they have their priorities confused.

If you need an example of the latter point, look no further than a copy of The Los Angeles Times from last week:

Kim Kardashian and Kanye in NYC
Photo via Getty Images

The newspaper feauted Khloe, Kourtney and Kim Kardashian on its FRONT page, immediately below news on President Obama’s health care plans and the capture of a major Taliban figure.

Imagine what happens if Khloe actually makes a sex tape. She might be above the fold next time!