I chuckled at "people will always want their paper"

I remember hearing that too. I doubt my daughter (in college) has ever read a paper daily. For that matter, all her books have been digital. She takes notes with an Ipad - never paper.

NYT and WaPo at least survived - not sure if they make money online but they exist which must feel like a big success and arguably they are bigger names today if not more profitable.

WaPo had Newsweek (failed not) and then they had Kaplan as well. Print Media + Education. Great combination.

Purdue picked up the remnants of Kaplan and seems to have done as well as anyone in education.

Paper new media with all its big printing equipment and fixed delivery infrastructure definitely shared a business structure with education. Only the biggest, best brands managed to survive. A few niche magazines do well, too, even in print form.