I subscribe to two print newspapers. The WSJ and the local afternoon paper. I consider them well worth the money and time I spend.
One of the problems getting all your news for "free" from the internet is I tend to read a fairly narrow range of subjects when all I see is a headline and have to click to see more. When the entire story is in front of you on the printed page, I scan the stories and find many interesting things that I would never click on to read. For example, I remember reading an article that interviewed a guy that started up a hair salon. I don't give a hoot about hair salons. I have never set foot in one (my wife cuts my hair). But I found this guy's approach to running a business fascinating. I find I read a much wider range of subjects and viewpoints on the printed page.
Newspaper articles tend to be more in-depth than most on-line postings. There are exceptions, especially when there are links to original sources such as court filings, speech transcripts, patents, etc. But much of the really good stuff (research papers, etc) are still behind paywalls were I can only read a summary.
I realize there is enough hatred of Mr Murdoch on Slashdot that someone is bound to say I am nuts to read one of his newspapers. I have subscribed to the WSJ since before he bought them and I don't like everything he has done to them. From what I have seen of his tabloids, I wouldn't waste my time. But once you look past their worship of money, there is lots of interesting stuff.