Warrren Buffet Local News 101

In an article in the Catholic Online,  Mr Buffet is quoted as follows: "(Newspapers) only fail when there are dailies competing in the same town, a publication forfeits its position as the primary source of locally important information or the market doesn't have a sense of identity."  It's fun to try to apply this formula to specific papers. Does the Times-Picayune market lack a sense of identity?  This was the Christian Science Monitor's problem  for sure. How about The Rocky Mountain News?  Or was it the failure to be the primary source of local news?  Detroit Free Press? More likely the primary source thing. The element of immediacy in this analysis seems very challenging.  RSMM