"a closer examination of the elements, supported by readership data, does confirm a steady transition to digital reach among newspapers and a healthy print readership base for readers and advertisers."
From an economic perspective, it's clear that there is a strong and rapidly growing digital market for news. News organizations, whether newspapers, broadcast networks and local stations, magazines and radio would be well-served to develop easily-accessible online delivery systems for the news they produce (mobile apps in particular). The audience is going there, and frankly, the distribution costs are minimal compared to traditional media. However, there remains a sizable portion of news consumers who remain loyal to traditional media formats - particularly for their traditional local news sources. Local news organizations need to still consider that audience segment before going all-digital.
Source - NAA: 'Print only' still more than half of newspaper audience even as digital grows, Poynter