By bloated I mean local newspapers covering national news. When small papers have newsrooms with 60 reporters, and 40% of those reporters cover national news--that's a problem.

To see evidence of this go look at your local paper. Mine writes about (not syndicates...writes) national news all of the time.

Small to medium sized papers shouldn't be doing this anymore. They should be focusing on their local communities and dominating that market.

By bloat I mean purchasing multi-million dollar printing presses in 2005 (http://www.encyclopedia.com/doc/1G1-108017775.html) when you should be investing heavily in your local and online markets.