Times and technology have changed that business.
It’s happened before. Years ago, most cities had a morning paper and an afternoon paper. New York had multiple morning and evening papers. But most cities lost their afternoon papers years ago, around the time that TV was growing. The morning papers survived for years after, but now even they are being squeezed by cable TV news and the internet.
I heard that some major big city daily was considering just becoming a web site, with no print edition at all.
We could well see newspapers as we have known them disappear. The only remaining printed papers could be local ad flyer type papers.
Politics is also a factor. Why pay to read propaganda from a liberal paper?
There must be a statistic somewhere about aggregate number of newspapers printed per day in the US - that would be quite interesting to see.