However, I don't see much interest from Millenials about newspapers when they get their information off their phones and there aren't enough Boomers to pick up the slack. Whatever the future of newspapers is, it's not necessarily bright.
I think printed anything is shifting into more of a "prestige item", in the way that vinyl records are. (Prestige isn't the right word, but I can't think of a better one at the mo). People will pay for nice books, records, etc, but more disposable things (when I say news is disposable I mean that because it gets out of date so fast) don't really suit print anymore.
In Australia, basically all the local papers are owned by either Rupert Murdoch or Fairfax (the main competitor). Journalists have been cut
hugely and most content is shared across dozens of papers (and indeed, one editor may look after 4 papers). The local rags have basically become entirely based on real estate ads and maybe 10% news (even then, it's mostly rejigged PR releases).
As an interesting counter point, a new newspaper called
The Saturday Paper opened up in Melbourne a few years ago. It's whole deal is it resists the manic 24-hour news cycle, and publishes long-form (+1000 words) national news articles every Saturday. And yes, it is printed. When I worked in PR I met the editor, and he wisely explained one of the reasons they were doing well was because they didn't have "legacy audiences". A lot of newspapers have confused identities these days, because their heyday was +30 years ago, and these days their audience doesn't necessarily exist (eg it seems most of the left leaning blue collar workers are all retired). It makes me think a printed newspaper
can exist, but not in the old business model of churning out news that you can find a dozen places for free and relying on ad sales.
Sorry everyone. I've gone and rambled on again.