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The Return of the Moguls chronicles an important story in the making, one that will affect more than just the newspaper business--it has the power to change democracy as we know it. Over the course of a generation, the story of the daily newspaper has been an unchecked slide from record profitability and readership to plummeting profits, increasing irrelevance, and inevitable obsolescence. The forces killing major dailies, alternative weeklies, and small-town shoppers are well understood--or seem obvious in hindsight, at least--and the catalog of publications that have gone under reads like a who's who of American journalism. During the past half-century, old-style press barons gave way to a cabal of corporate interests unable or unwilling to invest in the future even as technological change was destroying their core business.