What is killing the newspapers is the much cheaper and much better targeted ads delivery via the internet and smartphones.

Dunno if smartphones are really in the picture (yet), but between competing with TV for ad dollars and Craigslist for classified ads, they are in a tough spot.

What is killing newspapers is that paper is no longer the best & fastest way of getting news now that we have newscreens.

Papers are quite capable of doing this sort of thing without deadline pressure. The Mirror, for example, once announced to the world that "Monty Flies Back to Front" (1942), and in 1952 told their readers that "Sir Vivienne Fuchs Off To North Pole".

My personal favorite: "Foot Heads Arms Body"

Fortunately we have blogs instead! /s