Our local Syracuse paper was bought up by the same folks who are running the Times-Picayune into the ground. We used to have two daily papers (certainly don't need that now), but are left with a non-daily paper that is primarily AP wire and NY Times stories.
What I would like is to see Syracuse University buy the paper, use the press to print a daily for both the university and the city (keeping with the Town & Gown movement). The paper could be the Journalism department and also be an outlet for the business department. It seems a win-win. I wonder what the downsides are.