This document discusses challenges and opportunities facing the news industry. It notes declining daily readership and advertising revenue for print newspapers. However, it also cites research showing increasing demand for news. The document outlines three main puzzles to solve: ensuring news content is relevant to audiences, distributing news across different platforms, and achieving profitability. It questions how to best monetize various distribution channels and revenue streams, and weigh features versus future opportunities. Overall, while the supply of information is increasing, the document sees an opportunity to better organize and curate news to meet the still-rising demand.