Product: combined paper to be published AND web site of info / blogs / articles

Top line revenue comes mostly from advertising.
Advertisers want to know that eyeballs are getting exposed to the ads they are paying for. Audience must be measured in a way that ad companies buy.

Costs: initial capital startup, very limited McDonald’s level of salary for editors plus “profit sharing”, plus limited opinion publishing.
[Yes -- hire people who accept being "paid" by having their opinions published, with 3 main editors/ ad sellers deciding on who gets published primarily based on quality]

Content: news. Community news gatherers (like OhMy News ), including uploads of pictures and videos. Plus analysis and summary of analyses.

Focus on clearly noting what are the facts — which are the content really worth paying for; but look for bright, humorous, thoughtful analysis of what the facts mean. Or what they might mean, along with why some analysis prediction / speculation might be totally wrong.

Such a paper needs to be published and distributed for free at hotels, but sold (cheap) at Newstands, with almost free costs to the sellers (highest margin for them?).
Color pictures on the front page? Look for “free” fotos (eg Rick Lee) and get permission for mini-profit sharing agreements.
Look for publishing … the “Best of what’s free”.
The job is choosing what’s the best.

e.g. Get agreements from Kos and Instapundit to run most of their stuff for “free advertising” byline. The best of unpaid bloggers is likely not much worse than of other journalists — and certain to be cheaper.

Fame, not cash. (Personal advertisements?)

Without a profit motive, it isn’t really innovation.

Without profit, it isn’t really business.

Sure, there are exceptions, but profits make the world go round. Profits create jobs and make altruism possible.

Without profits, there would be no such thing as journalism.

Remember, we’re in an era of “social” media. “Social” usually implies dealing with people in ways that go beyond subject/object.

The failure of the Economist’s Project Red Stripe innovation effort poses some questions about the way publishers develop new ideas….

but advertising revenue needs a replacement system because at 49 I’ve trained myself thru a sharp eye and a remote control to scan right over the clutter of ads

I want the folks at the prints and the stations to make it and I’d like to thank the businesses for doing the bidding … but I wish there was another way, less wasteful of my time and paper and can’t forget to mention the cost of living

I think ALL people with something worth protecting will work to protect it.

I know where your coming from, drugies and alchies don’t need hand outs … but I wonder if they were fashioned outta a earlier miss.