I get two as well. One is a big regional paper and one is a tiny paper covering just two local towns. I read the comics and op/ed page in the big paper. I get nothing more out of it. All the "big" stories are old news because I've read them all online.
I do read the little local paper cover to cover and I always learn something new. I get full police reports ("mary and jimmys son was arrested again"), planning and zoning ("the wilburs got denied a permit to turn their garage into a rental apt...hah!"), legal ads, editorials about local politics, etc. I get way more out of the little one and I couldn't care less if projo.com dies.