This is a very interesting news article.
I always heard that DWA made more money than Pixar. But I see that doesn't do DWA any good, since their films don't have the same merchandise appeal as Pixar, and out of all the films they made, only three films (Shrek, Kung Fu Panda, HTTYD) are big hits, while everything else did good enough. And since their independent, each film they make has to be a huge hit, just like what Pixar had to be before being bought by Disney. All it takes is one bad movie to ruin everything, and since they're making more movies than any other animation studio, the risks are really high.
It seems that Katzenberg's ambition has run him into a wall without a proper Plan B. All the big film companies have an animation studio they rely on (except for Viacom) so not many will be interested in purchasing them (especially if DWA's price for a buyout is high). I'd suggest downsizing production, but that would mean a lot of people will lose their jobs.
I think what would be best is try to tap more into the production television animation series (with animation done overseas to keep costs down, of course), and they should develop more intellectual properties for television instead of turning their movies into TV series.