Upload & Sell: Off
Next they should fire all their reporters and just get a few highschoolers to collect tweets. Oh wait, why am I bothering to read them again.............
Seriously, this kind of move has been seen in many another company, as a final, last desperate attempt stave off bankruptcy. They never work because there's no plan besides a final roll of the dice. The paper will be gone in a few months.
I pay $20 a month for an online subscription to a certain newspaper and it's worth every penny. (that being said, its pictures aren't all that hot. But I am quite happy that I don't have to bother with ads in the online version, though I subconciously ignored themin the print version). Papers are in the content business. Well, they're actually in (or should be in) the "make money for content" business. Many US papers decided to be in the "get people to look at advertisements" business - meaning low priced delivery, enough content to attract attention, and prominent space for ads. The internet has destroyed that model, though in fairness most local papers I know would have to massively improve the quality of their content to get people to pay for the content.
That being said, intelligent and careful assemblage of tweets/social media reporting would be a nice online supplement to quality reporting.....