The European: In a recent report you co-authored with C.W. Anderson and Emily Bell you make the case that the biggest threat to journalism doesn’t come from declining revenues but from professional inertia. Why? Shirky: We want to say that the future of news isn’t just about finding new sources of revenue. If every newspaper in this country could restore its 2005 revenues, which were the highest in the history of the newspaper business, those institutions would not close but they would still get transformed.