Unfortunately, no Faustian bargain at City Paper

From the paper's letters page:
Washington City Paper (January 11, 2008): 9
Missing in Action


Where is “Lulu Eightball”? I LOVE “Lulu Eightball”!! Where’s “The City” by Derf? Where the hell is the LETTERS SECTION?!?!?! You guys have removed every reason I read the City Paper. What the f-ck are you DOING?!?!?

Jim Collins
Bethesda, Md.

Editor’s Note: Due to budget cuts, Washington City Paper has dropped most of its comics, and a new accelerated deadline schedule makes it difficult for some theaters to report in time for the print edition. Up-to-the-minute showtimes are always available on our Web site at washingtoncitypaper.com/showtimes.

So to recap - the paper is bought by new owners. The immediately trim the physical size of the paper. Then they cut out so much money that long-standing illustrators are laid off. Then they cut out the comics and the movie listings. Why exactly did they buy the paper? To make it fail?