Saw the title of this article and wondered "how will Las Vegas casinos make the move to have all of my gaming chips put onto a server."
Oh, the humor of this comment - yes, lets appoint Elizabeth Warren - you know, the Harvard law professor and noted academic. While Liz Warren has some great ideas, most professors (and particularly law professors) will tell you that it is not a good policy to appoint fellow academics to policy-making roles.
The NY Times print folks need to learn from the same lessons the leadership of the Dallas Morning News learned a year or two back - namely that news consumers do not consider the print and electronic versions of the paper equal or interchangeable substitutes. That is, there is far less crossover in each of the customer bases than the newspaper execs or the conventional wisdom might suggest. Unfortunately, if the print folks win out, they will learn this lesson the hard way.
I hear insurance scammers quietly whispering about new schemes throughout the US about how to use this to their benefit.
Not surprising really. The old media print newspapers have the staff and research people to go out and do real reporting/news gathering in the real world. Online sources pick up this basis of real news reporting and become a distribution and commentary outlet for the work done by the traditional reporters.