I believe the last time I subscribed to a newspaper was around 2003-2004. After that I've bought maybe ten or fifteen in total, mainly in the anticipation of a short wait at the doctor's office, or maybe for use on a short flight. Now that I own an ereader the chance of me buying one ever again is pretty much non-existent.
Like others have said already, BBC's web site supplies my UK and general international news. For more localised news or to broaden the scope I regularly visit
Reuters,
Agence France Presse,
Al Jazeera,
Al Arabiya and CNN. For keeping up with specific, big stories (like the Libyan revolution and such) in "real time",
Breaking News is very useful.