Frontline’s tremendous recently concluded 4-part series, Newswar, discusses the present and future challenges facing the news industry. In addition to addressing the Scooter Libby case and other fights with the administration, there was a long discussion over the saga of the Tribune Compnay’s, focusing on its purchase of the LA Times. While the newspaper business seems to be profitable today, Wall Street investors were unsure of its future prospects and demanded cost-cutting measures that endangered the news gathering operation.

The NYT has a story today that an agreement has been reached to take the Tribune company private. A related NYT story has some thoughts from the LA side of things.

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