As I've mentioned, I work for Transit Television Network and we're owned by Torstar who also happens to own the Toronto Star, along with a bunch of other newspapers. Slashdot has an interesting article today on what newspapers can do to adapt to the internet. You can find the article here: http://slashdot.org/articles/05/11/27/1645214.shtml?tid=166&tid=149
There are some interesting ideas in here. Some of them are easier said than done, even with lots of money but there are definitely some good nuggets.