I was reading Alan Mutter's spot-on Andreessen’s not-so-hot idea for publishers and once again ran across some comments of the "newspapers need to set up separate online operations and give them freedom" variety.
Here's the problem: It's been done, over and over. It's being done right now. It's happening in ways you don't see, and I promise you won't like the outcome.
Let's take the biggest, and least visible, part first.