Vulture capitalists and the demise of newspapers: Jack Shafer writes that plundering newspaper owners are “acting on the fact that more value can be extracted by sucking the marrow than by investing more deeply or sell.”

“It’s a truth universally acknowledged by those who don’t let sentiment cloud their thinking that the newspaper’s time will soon pass — except for rare titles like the New York Times and a few others that can attract national audiences,” he writes.