I worked for the Herald back in my university days. It was a great company to work for. I remember the head of the Classifieds group telling me when I started that they could basically give the paper away - all the money was made from advertising anyway. A bit of a harbinger of what online news is: totally free, but soaked in ads.
I miss the ritual of the morning paper, but to me the biggest benefit of it was that - before and after you read the paper - your mind wasn't always in the news (or the news wasn't always on your mind). Now, the expectation is that as soon as anything happens in the world, there will be stories about it published within minutes, and the scope of those stories - the places they are sourced from - is so broad that it never ends.
I used to spent a lot of time as a kid poring over the sports pages for stats, standings, stories. It would seem so primitive to a kid today. Having a paper crossword puzzle once a week was great too. And as for the comics, it will come as no surprise that Slylock Fox was one of my favourites too (and I'm not sure who the hell read Rex Morgan, or why).
But, all that said, I can't see myself ever subscribing to a (paper) paper again. The environmental side of it, plus the content of my digital subscriptions, means it just no longer makes sense for me. Though I could see picking up a Sunday paper for the crossword and feature articles that do a deeper dive rather than just being picked off a newswire.
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