Observer: Look again and Fleet Street’s disasters may only be on paper

Peter Preston: "Mail Online's startling growth still only added up to £9m in revenue last year. But halfway to salvation is much better than stuck in the starting blocks - and when Mr [Murdoch] says that his Wall Street Journal will take $100m in net service subscriptions and another $100m in web advertising this year, you can glimpse a future beginning to happen."

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."

Journalism.co.uk: FT.com ‘explodes’ with 250 per cent rise in unique users

"According to FT.com internal figures, page views on the site yesterday were up 300 per cent and unique users up 250 per cent compared to figures for the same date last year. ... FT.com's figures follow a report in the BBC's in-house magazine Ariel, which claimed the BBC's business pages recorded their best ever traffic after reporting the collapse of investment bank Lehman Brothers."