We are kind of at the late stage result of that, though. The aggregators, the yahoo/huffposts of the world, are poaching the ad revenue from clicks and forcing newspapers behind paywalls as a result. Those papers and outlets are being hollowed out and there is less true coverage now. 95% of the Tigers beat is just all the outlets regurgitating what the team gives them when they arrive at the park. It would have been nice if they had the ability to blow the lid off some of the frat boy activities at ISE sooner, for example.
There is still some value in news gathering and investigation. I try to subscribe to local papers both where I live and Detroit just to support them and ensure they can do their job. The cost isn't that much. Having said that, my Detroit News expires very soon... Just needed to cut some budget in the very short term (house/dog/car emergencies) and it was redundant with Freep. I went with Freep because Perzold gives some contract info I find useful that nobody else gives.