The problem with the newspaper/news industry is that the value their audience places in the product is less than the value that advertisers place on access to t

The problem with the newspaper/news industry is that the value their audience places in the product is less than the value that advertisers place on access to that audience. Additionally the cost to generate and deliver that product exceeds what the audience is willing to pay and in many cases the value of that audience is low enough that even advertisers don't offer enough to cover the costs. Print newspaper subscription revenues were pretty much a break-even with the costs of delivery. That does not include the costs of paper, ink, printing press and associated personnel, or the cost of actually staffing and running a newsroom. A large part of both their revenue and audience attraction was the classifieds section, which was killed off by craigslist.