The old media would LOVE to see Newt run for the GOP nomination -- and win the nomination. They know he can't win in a general election. The old media would sing Newt's praises up through his nomination, then they would turn on him and tear him apart.
Somebody needs to sit down and tell Newt that although his ideas and input are welcome, he doesn't have the "right stuff" to win the presidency and that his criticism of Bush will alienate him from the base.
Bingo. As long as he's useful, they'll be glad to treat him respectuflly. If he ever became a threat to Miz Hillary, he'd return to villian status.