The above scary quote comes from a blog posting by Gary Andrews on 'the death of local papers'.
Gary also asks: "Would any newspaper be brave enough to completely shut down in a physical format and move everything online, adopting a more Web 2.0 way of doing news? Would it work? And how on earth would they monetize it?.... But, even if it is a desperate last throw of the dice, what does a paper have to lose if it tries it? Not that I’d want to see papers disappear from their communities, but if it’s a choice between online-only news and no news at all…"