so you end up with a single source for your news... that tells you all the truth about exactly what is going on in the world/your area.
Odds are that's already the case. In the county I live in we used to have 2 different city papers and a county-wide paper, all independently owned and managed. But that hasn't been the case now for probably two decades. They all got bought up by the same company, and were being printed by the same company and even shared staff. There was no independence between them, the only difference was that the paper for city A would run more stories about stuff that happened only in city A and the paper for city B would do the same for city B. Meanwhile the county-wide paper would run the most important articles that affected city A and B in it (repeating them) along with stuff that happened in other parts of the county. Of course the new managing company ran this into the ground so badly that at some point they started only running a weekly supplement for the two city papers and converted all the city paper subscribers to the county paper. Last year they killed the supplements. Not that it changed anything really, just a few less local news stories for city A & B.
This isn't a unique situation, it's been happening all over the country. If you want actual multiple sources for your news, you have to look to bloggers nowadays. And everyone knows the news here is biased, they hate the paper, but it isn't improving. If anything it's getting worse, including locking their online news behind a paywall that Murdoch would be proud of. (You can get headlines, nothing else, unless you subscribe to the paper. Yes, not even blurbs about the articles, only headlines. The site's completely useless.) Mainly people buy a copy if they're wanting to check the classifieds (but those have declined with the newspaper declining so even that's becoming uncommon). I figure the paper will completely fold within 5 years and it's unlikely to be missed.
For some reason, most of the newspaper industry seems to think dying revenues = need to double down and do more of the same. They're killing themselves off, it's less dying due to technological changes and more suicide.