Let it go
I've seen a lot of hand-wringing over who will report wrongdoings and be a watchdog when newspapers go away. However, in my fair city, the radio and tv stations have been doing a much better job of this in the nearly twenty years since the newspaper was sold to a national conglomerate.
All we get nowadays are articles sucking up to rich people, shouting about the governor trying to be fiscally responsible in an economic downturn, and demanding higher taxes on working people to pay for bigger government. Given the somewhat conservative/libertarian leanings the city has, they aren't exactly targeting the largest market.
Newspapers had their day, as did buggy manufacturers and hula hoops. They are being killed by craigslist, the web (particularly Google and other news conglomerators), and so on. Hell, they never even adjusted to CNN delivering national and international news, let alone the internet. Better to let them die than to keep the pain going with life support.