“Is paper better than the internet?” As far as magazines go, paper wins by a knockout. The internet destroyed the magazine industry and gave us very little in return.
TBC, the monopolization of ad revenue by Meta and Google destroyed online publishing. While this has been broadly felt it was particularly hard on local journalism and has had a terrible effect on political journalism and what the public knows / doesn’t know about it’s governments (Federal to local).
My point is that the Internet allowed journalism and publishing to continue, but the monopolization and outsize influence of a handful of players is what really led to the collapse of the press online.