[taurath]

Your point that ads have always existed is well taken, but if newspapers looked like a local news site today people wouldn't have bought them (its more akin to the free weekly tabloids than a real newspaper). Newspapers used to make money through classifieds in addition to subscriptions. If only there were local-oriented services newspapers could provide - I hope someone figures out a better model soon.

[chillacy]

Newspapers had a monopoly on distributing written information back in the day: printing presses, typesetters, journalists, delivery staff, etc are all expensive. Now anyone can self-publish on Medium. Technology has changed the game, and we whatever business models work in the future probably won't be the same as those in the past.