What's black and white and red all over? The Canadian newspaper industry's balance sheets.

But as has been said here many times before, no industry had more warning of the extent and nature of the coming digital revolution than the Canadian newspaper industry, and it has turned the wrong direction at every step along the way to its current disastrous destination.

But that doesn't mean these newspapers' well-heeled owners won't demand tax-supported subsidies to support their badly run businesses if they're given any encouragement -- which is exactly what the government of Prime Minister Justin Trudeau seems to have been doing.