Observer: Are papers in freefall? Not if they innovate

Peter Preston: "Sometimes, amid encircling gloom, it's wise to set benchmarks longer than a week last Friday. Always, there are choices to be made - or not made. And usually (perhaps, maybe) innovation is its own reward. A Times drop of under 20,000 in five years isn't systemic collapse. A Guardian surge online that brings in more than 23 million unique users a month on top of a million-plus print readers isn't carnage."