I see this as two questions:
Is Monroe Publishing going under? That is a good question. With the economy the way it is two things are inevitable for any paper, loss of advertising revenue because businesses are cash strapped, and loss of subscribers because something has to be eliminated to cut costs within the household. so the answer is yes. I will say it is probably usual to have down times, yet this great recession is very long and likely going to be a lot longer still, so can they survive?
Secondarily to that is the question of whether MT will be continued by the paper, and a subset question, is it even doing anything valuable.
There has been an obvious pulling back from the management of Monroe Publishing on the administration of MT. There used to be rotating reporters or administrators watching, as well as a primary administrator. Now, I don't see any. Sure I think if they get a lot of moderator reports they find the time, but not usually.
When I was going through a painful time I dropped my posting down. Along with it I stepped back and looked.
MT is like a stagnant corner bar. It used to be a great place to go, but then more and more found it not to their liking and only a handful of the gang stayed. Sure, once in awhile someone stops in to that corner bar and has a drink, but they don't like the place and don't return. Probably because the "gang" isn't all that happy about outsiders invading their turf. But, more, the "gang" has all the inside stories and the newcomer has no clue what is actually going on.
As for the specific devolution of MT... It is only one thing anymore. Not discussions, or expressing a view....
It is the place to go kick the dog. It is the place to insult and demean and kick at "the other side" whatever that is. Pick any topic here. Go and look and you will see a bunch of kicking and bullying and if someone says something on topic and reasonable, the post will be ignored, or attacked for something it is not. And if not that way, then it would be an attack on the person without anything to do with the content of the post.
so, anyway, just as a moth balled old corner bar, this place is dead waiting to happen unless the people here want that to change and make it a place people WANT to go to again. If it is someplace vibrant, MT will stay if they can keep it funded, otherwise, it is already headed for the chopping block.