A major city's "monopoly" newspaper will shut down. Just shutter. Go dark. Disappear. Leaving that city with (it will think) nothing.
Why? Oil. The cost of oil, and of producing manufactured goods based on energy (paper, ink, etc.) will be the last straw for many papers. Already the biggest chains are, it seems, on their last legs. McClatchy, Gannett, The New York Times -- the smart ones (and Scripps was a smart one) diversified out long ago.
Think about it. A newspaper's subscription rate is designed to just pay the cost of delivery, of getting the product to you. Note that most papers long ago ditched kids-on-bicycles in favor of "more efficient" men in cars. Big, old cars. Station wagons, a lot of them. You can't go to a mini when you're tossing 500 newspapers each morning. The numbers don't work.
Or consider ad space. What the Web didn't eat other competitors chewed up. The big department store ads are gone. The auto dealers are gone. Real estate, gone. The legal ads can go into a specialty legal paper, the entertainment ads into a specialty weekly as well.
It's a spiraling in, as with an airplane that has been hit by a bomb. The paper gets smaller, editorial jobs are cut, it's less interesting, so more jobs are cut and very soon there is nothing left.
The "news business" will eulogize this as Armageddon, but it's not.
It's an opportunity.