That link appears to be about the flu, not the common cold. They're different, but something I've learned over the past year is that most people think of the flu as another name for the common cold.
Here in Britain at least, having 'the flu' is basically having a particularly miserable cold - rather than a bout of influenza which fills the lungs with fluids and decimates armies.
I'm not sure this will really add anything to the discussion, but I think the common usage of the term "cold" is for an endemic, mostly-harmless disease, not just any viral respiratory illness.
Also, my quick read of that paper was that it was mostly concerned with immunocompromised individuals, and with secondary pneumonia infections. Secondary pneumonia is certainly a problem for old people, or otherwise vulnerable people with colds. Antibiotics can be pretty helpful but they have limitations.