Counterpoint--printing newspapers is very expensive and polluting (sourcing paper, the printing process, the cost of transporting paper, the cost of recycling/waste in landfill of used papers).
Posting content online is much cheaper. And for the consumer of said news product, it's very flexible--I can read the news (From many sources) on my wireless laptop, desktop, cell phone, etc, anywhere, anytime. And many online news sources have extensive archiving of back articles for future reference--i.e. the New York Times is particularly good at that, for example.
If anything, the # of sources for news and information online far exceeds that of the print era--with print papers, a consumer might subscribe to one or maybe 2 dalies or a weekend edition. Online, I can source news from a vast number of sources---I get local news in my inbox from the local paper and a couple local TV stations, local news from other cities of interest, national and international news from multiple sources (Reuters, CNN, MSNBC, NY Times, LA Times, BBC, Der Spiegel, London Times, etc). There are plenty of news sources that seem to cover every political stripe out there also, from far left to middle of the road to far right, secular to religous, business oriented to grass roots.
Not to mention email newsletters and RSS feeds for realtime updates, as well as tweets from news sources. Print papers are always out of date by the time you get the hard copy, the Internet can be updated immediately.
I liked reading print papers back in the day, but it's a 19th century medium that's on it's way out, for better or for worse. Online--whether viewed via a computer or a cell phone or whatever the Next Big Thing is as far as devices, is the primary means of disseminating information in the 21st century.