Many newspapers may have shuttered but some are fine
Our two local newspapers, which cover 3 or 4 small towns and couple of medium sized cities, one of whom I favor and the other I do not, are flourishing.
Both have been around for at least 40 years and are doing as well as ever. They both have interesting, original content. About as many advertisements as any other actually-printed-on-paper newspapers.
There's a HUGE reason I think they are both still going strong: Neither have an online presence. No website for either. Not even classified sections. So needless to point out, there's no way Google or anyone else can scrape their content. And neither are large enough for said scrapers to bother scanning and OCR'ing the content to turn it digital.
So 2 key factors, I think; they have great content (more often than not, anyway) and are not susceptible to the problems mentioned in the article.