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.