Yes, and it would be better than nothing, but probably fairly expensive.
Maybe we should think about software.
Of course you are right, this is all about software. The subscriber checks boxes next to keywords describing which types of news he wants to receive, or enters his own keywords. All news content is scanned and perhaps tagged with keywords. The software then chooses the content that best matches the subscriber's priorities, selects an amount of content that can be printed in the desired printout space, formats the content attractively in a PDF file, and emails or otherwise makes the PDF available to the subscriber.
I think a desktop machine that could do that as well as be your regular printer/copier/fax would sell like hotcakes.
I suppose this could work with a specialized large format printer. I was thinking more of using existing printers, but if many people started printing their own papers, they would demand specialized printers.
I suspect that most users might actually prefer to use Kindles or something similar, to save on printing costs. However if the news can be specially packaged and formatted for a Kindle, it can also be packaged and formatted for a printer.
This has been interesting, but I have to call it a night.
Yes, I bet someone who is smart could do that too. does a Kindle have a USB port? wait its wireless, lol!
I was also thinking its probably possible on existing printers too. The one sitting next to me has fax/copy capabilities