As a working journalist since 1969, allow me to put in my opinion. I have worked in newspapers, television and radio news departments and have come to several conclusions which I could expand upon for several pages, but will try to be concise.
NEWSPAPERS... most people don't take the time to sit down and read the entire newspaper.
People (readers) time during the does not allow for most people to sit down in the late afternoon after getting home from work and spend 45 minutes to an hour reading the afternoon paper. GOODBYE TO P.M. EDITIONS!
People (readers) time in the morning does not allow for most people to sit down before or during breakfast. Most people grab a protien bar, a coffee and head to work. GOODBYE TO A.M. EDITIONS!
TELEVISION... Newscasts (the half-hour kind on network/local television.... The amount of words spoken during a half-hour telecast are less than the amount of works printed on the front page of the New York Times.... But wait, there's less!!!! You have to get in weather which takes up 5-7 minutes of the half hour...and Sports, which takes up 12-14 minutes. Add in commercials ---10 minutes in a half-hour broadcast --- and you have 10 minutes or less of the broadcast time. OH, and I didn't mention that the news is only on at a set time of day; can't be taken with you and requires the viewer to sit for a half-hour.
I am not counting the NEWS NETWORKS such a Fox, CNN, MSNBC, since those have grown from being middle of the road 20 years ago, to very one-sided today. Why? Because viewers was to watch something that agrees with their point of view (as developed by watching the same network).
AND THE BIGGEST REASONS FOR LOSS OF LOCAL NEWS!!! 1. People are getting lazy...not willing to exercise their brain by reading a newspaper. 2. Sitting in front of a television with the same station on as primary source of news. 3. The internet through chat lines, "news" directed to them based on what their buying habits, reading habits, etc. (as gathered by Google) tell the providers the subject matter which "interests" the target audience. 4. Media owners with enough money to put out a narrow point of view of life, liberty and the pursuit of happiness to keep their now-captive audience a "forever-captive audience".

Lib, Liberal, are labels that have, thru semantics and repetition, become a negative tag. If one interviewed a grab and run thief would one find they had no political views and live for the moment.

I agree with Frank: "Funny how all the bigots, r****ts, and liars call themselves conservatives, patriotic and religious." The Republican GOP is not the Grand Old Party rather their followers are GOP, Gullible Old People. The Republicans have changed the meaning of GOP. They chant and pass Anti-American bills that has change the meaning of the acronym GOP to Glorifying Oppressive Policies.