I come from a background of newspaper heritage, and the whole newspaper scene is bleak.
I live in the Tri-Cities, and frankly the only time I read the local paper is when I get my Toyota serviced. That takes up about 4 and a half minutes!
These companies can compete on-line, but not by charging customers. They need to get their revenue from ads, not subscribers, because for the most part potential subscribers will not pay for this service when they can get their news for free from many other sources. Both nationally and local.