In the main, I agree: They got caught napping and didn't keep up so that's their own fault.
That being said up until a few months ago, I didnt't read papers or watch the news on TV since it's all stage-managed nonsense but I decided to take out a FT weekend subscription after buying one on a whim one day.
I must say it was very enjoyable reading a newspaper with quality stories and no fluff or click-bait titles and so on.
I don't consider tabloids to be anything other than literary fast-food for the masses but I am thoroughly enjoying reading my FT on a Saturday and Sunday morning with a cup of tea.
Oh, it's only about £10 a month too.