... the New York Times way. Mickey Kaus on Burn, Burkle, Burn! (Via InstaPundit - and yes, of course I know that Burkle and Yucaipa have partnered with the Newspaper Guild to buy The Inquirer.)
Update: As Glenn Reynolds points out, the Times is having a bad weekend. Not what so many continue to expect from the vaunted newspaper of record: Oops! Never Mind.
Update No. 2: Tom Lipscomb does his usual incisive job examining the Times's parlous financial state: Pinch Gets Punched.