@GeorgeLucas I definitely don't get 183k a year from MacInsiders haha (I wish!), if I did I would quite my job! If I had a sales team like The Sil, their marketing budget, and the full-time staff they have, it could probably be quite profitable. Right now the ads essentially keep the server bills going.
The idea of The Sil going online-only is an interesting point. @test makes a valid point that display ads don't bring in the same ad revenue as print ads, but the advantage The Sil has is their target audience being much more hyper-defined and students are a target market that is highly sought after by advertisers. With the proper sales team in place, hitting up local businesses, they have a unique property that can demand much higher CPM rates than the industry standard for typical Google ads, etc.
Printed paper is nice but not necessary in today's digital world. Maybe they should focus on making a Sil tablet app. All major news outlets have gone in that direction these days. Digital has minimal expense. What are the other university campuses doing, do they all still have printed papers?
If they did that, it would save them 110,000 in printing costs and would cut down on the 28,000 in layout expenses. Assuming they would still have to design display ads for their advertisers for the online portion, if you take 2/3rds of the layout expenses out and add the savings from the printing, they could potentially save $128,000 (approx 70% of their entire budget - not factoring in the ad revenues).
Or they could use that 128k to invest into building a killer news app or mac-specific community/social news app to have their articles but also add a layer of video, user-generated real-time content, discussion, etc.
Other thoughts: For those against online-only, what about magazine vs paper format. It's been said that students aren't as interested in the 'newspaper' format, as it's considered an old format. But if The Sil were a glossy magazine with a lot of photos and graphical content, would it increase readership? What if they went the route of a "hamilton magazine" style... would it interest students more? Full-page glossy full-colour ads could command higher advertising prices and bring them more ad revenue to cover expenses. I'm not sure what the cost differences are between printing their paper format vs glossy magazine, but with a magazine being smaller in size I would assume similar or less?