I'll get the declaration out early: I work somewhere that competes with two free dailies.
But it's worth noting that in Europe the circulation for free dailies has started to decline, and a newspaper analyst, Piet Bakker of University of Amsterdam, is suggesting that the troubled economy spells capital-T Trouble for those dependent entirely on advertising.
A conference in Madrid heard that free-newspaper economics are, not surprisingly, susceptible to steep decline because of their revenue dependence on advertising.