A little known fact about the print media industry is that a large majority of the profit for a newspaper or magazine comes from advertising sales, while revenue from subscriptions mostly goes toward basic costs like maintenance, purchasing and payroll.
This practice most likely played a major factor in the demise of print-only publications in recent years, coupled, of course, with intense competition from online news sources.
Readers saw less need to purchase a newspaper to read somewhat more in-depth accounts of stories they got online or on television hours before.
Meanwhile, the national economy was hurting, driving up the cost of fuel, newsprint and other required commodities, forcing the publications to raise prices for the readers who remained.
Since readership was down, advertisers jumped ship, leaving no profit for the publications.