There must still be money in putting ink on paper, or people wouldn't be buying print properties. Surely the industry is changed and news as content is diminished through economic necessity, but there is still some kind of market out there.
Of course it all involves technology and consolidation which is what any industry needs to do. Look at how radio has morphed from one station in a building with lots of staff, to a few people in a building with six or more stations chugging out product.
As one who also works in an industry in transition, I've seen a lot of changes in the past 31 years. Much of it involving a thinning of the herd.
Watertown Daily Times | Johnson Newspapers to acquire five weekly newspapers in Oswego County