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The function of the second paragraph is to
In the second paragraph, the author suggests that the newspaper industry should stop printing the news and manage its online product better in order to save the industry.
The reasons for the newspaper industry's financial trouble are explained in the first, not the second, paragraph.
The solution proposed in the second paragraph suggests that the industry get rid of printed news.
The second paragraph describes actions the newspaper industry could take to improve its financial situation, not actions it is currently taking.
The second paragraph suggests that the newspaper industry should become the producer of quality online news, rather than interact with existing producers of online news.