I live in South America. My city has ~400k citizens and 4-6 local TV channels. The newspaper is pretty much dead and has gone down from 60 pages per day to maybe 5-10 pages (I don't know if they even print it anymore), true, but TV seems to be doing fine and embracing more social platforms. I think the main media outlet has at least 3-4 hours of local news mixed with content from their parent company (national). Their local website is garbage though so once a news ir aired, it's pretty much gone... which brings me back to my initial point, there are news but they are not properly managed/archived.