Printing would be expensive I'd imagine, even as small as tabloid... (I doubt anyone would buy 12 8 1/2 x 11" sheets stapled together. Advertising could make up those costs if you could sell enough papers.
Do you have public transportation in town? That'd be your biggest target, the commuters going home on the bus and the train, if they're driving? They can't read til they get home... and the days of the person getting home from work, kicking off their shoes putting on their slippers,and sitting in the easy chair with the paper and a cocktail are gone... though it wouldn't be bad to bring back those days