Newspapers: Where are they and where are they going?

I wrote in my last post about my frustration with the Chicago Tribune. But then I was forced to think about newspapers as businesses-- businesses that need to make money. I then came across this post, entitled "10 Ways Newspapers Can Still Make Money" (the list actually includes 12). It was interesting to see at least one person's ideas on how the journalism industry has the potential to evolve, rather than a whole bunch of companies just going under. While ideas 1 and 2, which were ways to get newspapers on the computer, seemed logical to me, number 4 seemed too drastic and was unsettling to me. It parallels the issue of Kindle-like devices versus books. There are lots of people who appreciate the ease of use of something like a Kindle, but I know many people who have said that they like the way it feels to hold a book and turn the pages. I feel as though the same must be true for many newspaper readers who like to wake up to a cup of coffee and a fresh newspaper, even if it results in some ink on the fingers.
This led me to think about idea number 8. Having a weekly publication, while eliminating week-day papers, may be a good way for newspapers to remain in print but saving on printing costs by getting rid of the week-day papers that many people don't read thoroughly anymore because they're getting their news online. If that were too drastic, newspapers could minimize printing costs by only releasing small papers during the week, which would contain major headlines and brief stories. This would be easy for businesspeople to pick up on their way out the door and read quickly during their commute or during breaks at work.
This article and this one demonstrate that not as many people are reading the newspaper. Will people's attachment to printed works be enough to keep newspapers in physical print? Are there any factors besides convenience that contribute to the declining readership of physical newspapers?