Yeah, that would be a way of making the paper interesting, for sure. Truth be told, though, I'm actually not sold on the newspaper idea. It has some really interesting benefits like being nicely period-appropriate and giving players a digest of information, but it's either going to be so effective that players will read the paper instead of watching the game, or ineffective enough that no one will read it.
One of the ideas that i DO think is interesting to try, that we came up with as a compromise, is having "reports" that are generated by specific professional offices that you can construct, where you have a phrenologist and a physician and so forth, and they go about besetting your colonists with "exams", and their reports could have useful information in them. It has a nice bonus of breaking up the information into bits that the player specifically requests, and it makes reading these things more character focused, which is important to us.
We also had the idea that geological reports for mining could be compiled in the same way, showing 2d "paper" representations of progress in the mines and so forth. Sadly, not a lot of work has been done on the mining simulation yet, as we've been focusing on getting the economics and combat in a good state lately.
I'm not so sure that you should measure the paper solely by it's expected "effectiveness" Don't get me wrong, you ARE correct, that in the absence of anything else, the paper would either be ignored or used to bypass other parts of the game.
But that's where !fun! and humor and lies could be mixed in to make the paper funny, misleading, tragic, or any number fo different things. The paper could actually be used as a vehicle to help direct the actions of the colonists too...
Say over the period of a few days you have the following articles:
Day 1: You have the article about the awesome meat pies.
Day 1.5: Lots of citizens go eat the meat pies.
Day 2: A story about the baker making the meat pies from Edna's cousin Frank.
Day 2.5: The lawmen arrest the baker, and citizens storm the jail and hang them.
Day 3: Frank has been avenged by righteous justice!
Day 3.5 Frank comes back from a fishing trip.
Day 4: Paper prints a retraction of the Day 2 article
Interactions between guilty killers, angry meat pie lovers, the writer of the Frank story, and Frank himself.
**EDIT** Forgot to add interactions between the baker's relatives and all of the above.
If the paper is too accurate about terrible things, the people could go burn it down.
If it is too inaccurate, the people could go burn it down.
People could have addictions to reading the news. Perhaps eldritch abominations might take a hand at the presses every now and then.
I could see newspapers being an awesome source of chaos. "Destruction of the Warship Maine was the Work of an Enemy"