It appears the newspaper industry is completely unable to figure out a way to innovate and monetize online content, so Google’s (GOOG) going to show them how it’s done.

When I started reading the official announcement for Google Fast Flip, I was pretty impressed by the novel approach to loading online news:

Like a print magazine, Fast Flip lets you browse sequentially through bundles of recent news, headlines and popular topics, as well as feeds from individual top publishers. As the name suggests, flipping through content is very fast, so you can quickly look through a lot of pages until you find something interesting. At the same time, we provide aggregation and search over many top newspapers and magazines, and the ability to share content with your friends and community.

Very cool. Google pre-loads each result, meaning you get fast access to news–such as the sad passing of Patrick Swayze: