Newspapers will either adapt, or they won't. I'd rather have a lot more, smaller newspapers (and local papers seem to do just fine, because they can get locally-targeted advertising)
As someone who works at one of those smaller local papers that is part of a larger corporation, I can tell you that we're getting hit just as hard as the bigger papers. And if you consider losing benefits, having just enough employees on staff to squeak by and having some of those staff work ridiculous hours to just stay above water as just fine then I dub thee a masochist.
Perfection is acheived only on the point of collapse. - C. N. Parkinson