Agreed with the rant. Unfortunate.
Just to add: the subscriptions never really sustained newspapers to begin with (it's all the advertising money), but it's just that the newspapers can't afford to wait for the ad rates to catch up (that is, for online rates to approximate hard copy rates). I don't know if it ever will catch up, but it's got some ground to make up, at least. That's just my own approximation/analysis/two cents of the macro view.