I haven't bought a newspaper for twenty years. News is so instant and readily available on tv an online now.
I can however see the relevance of local papers that give in depth insight to local issues that would not be relevant to a national audience. However their readership is in decline and many local papers are nothing more than advertising leaflets with a bit of old news thrown in.
Looks pretty much like 'business as usual', apart from the fact that shareholders' (including staff) investments will be worthless and some staff will see reduced pensions. Apparently, the business is profitable. Which begs the question.....
This is sad news.
I used to enjoy reading the Lancashire Evening Post Daily ('Back in the Day') but haven't lived in the immediate Preston area for over 30 Years now so apart from reading the out of Town issue occasionally it dropped off my radar.
In a changing World it would appear that unfortunately the printed issues are becoming unviable.
Maybe one solution would be to rationalise and have (as an example) a Monday, Wednesday, Friday issue.
News would still be relevant and up to date and still have the classifieds etc, but cut some costs.
For example in PNE terms Fridays issue gives upcoming weekend match reviews, Mondays the Match reports & Wednesday updates.
Hopefully one way or another the Paper can be saved.