Actually, newspapers have been going out of business for the last 40 years-including the paper I used to work for. If you have run newspapers poorly from a financial standpoint, you will have no newspapers at all. They were terrible. There's not one role. A newspaper is only a medium, a way of reaching people.
Newspapers feel that they're the only way of reaching people, when there's actually dozens of ways.
Newspaper guys live in another era. They're the Fred Flintstone of the media business.