This is an article about a very successful private wealth manager (his company controls over $30 billion in assets) who is quite confident that Newspapers will do well.  He has large stakes in many of the companies (Gannett, Knight Ridder, NYTimes Company), valuing multiple billions of dollars.  This article explains why he is confident that they will survive the new challenge coming from the internet (and other media), and the financial returns that he hopes to realize.  Although not the focus of this article, many journalists have been quick to point out that newspapers play an important social role--especially on the local level--and they have such prestige that it will be difficult for them to be replaced.  Indeed, names such as The New York Times, Washington Post, and The Wall Street Journal are some of the strongest, most reputable brands in the nation.