Ace said:
A main issue with going all online is that anyone could put together a website. It's hard for someone to compete with even the Podunk Press, because it's going to cost hundreds of thousands or millions of dollars to buy a press or pay to print even a small paper.
Someone in their mom's basement could easily compete with the Podunk Online, though.
Someone in their mom's basement also could compete easily with the Podunk Press. Print is competing against anything that takes away people's eyeballs (that sounds gross, doesn't it?).
Or better yet, someone could compete against one beat that attracts people to the Podunk Press. To crossthread, I don't know that the Washington Post is quaking in its shoes over the guy getting contributions to cover the Nationals, but to paraphrase an old DC saying, if you lose 200 readers here and 200 readers there, it starts to add up to real readership decline.