Because the revenue model for newspapers is primarily ads, not subscriptions.
The publisher has lower costs with web based.
The publisher knows more about what articles have been read, how often, and from approximately where.
The publisher can easily make the ads more persistent than on paper.
Old news is more accessible and thus articles have viewing value well beyond print media.
Blogs about the news keep the customer looking at ads for a much longer time if the publisher writes interesting news.
The publishing cycle can be anything the publisher wants - and can even be continuous.
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