Gary Becker and Richard Posner addresses the issues of natural monopolies, newspapers as cash cows, bundling and unbundling and parasitic internet media.
Here’s Posner and Becker continues the argument. Highly recommended.
A personal perspective: When I lived in Denmark in the 1990s, I subscribed to two morning papers and one weekly. Usually, I also bought an international weekly paper and I also had access to somewhere between 22 and 28 TV channels. When I moved to Sweden, two Danish morning paper subscriptions became one Swedish, while I’m now at three weekly papers.
I had internet installed in my home in 2002 (!). Originally, I had something like 20 TV channels, but when my landlord changed distributors, I didn’t bother to make a new subscription for extra channels.
I’ll be moving back to Denmark in late August and to be honest I actually consider not subscribing to a daily newspaper and I’m not really sure that I want more than basic cable-TV. But without an internet connection, I’d be pretty much dead.