It depends. There was originally a lot of hostility aimed at radio by the so-called "serious" print reporters. Radio was seen as entertainment. Not real news. The radio column was generally placed among the entertainment stories. Then, of course, a lot of newspaper owners started to buy radio & TV stations. Gannett, Tribune, Hearst, and many more were invested in broadcasting. That probably didn't change the view of the editors.
Remember, too, that many or the first 1920's stations were owned by papers, the first being WWJ in Detroit. Another famous one was the World's Greatest Newspaper. Or "Welcome South, Brother" from the Atlanta Journal. El Mundo's WKAQ in San Juan. WHK and its "satellite" stations from the Vail/Holt family's Plain Dealer. And many, many more around the country.
In fact, of the surviving stations after the FRC cleaned the dial in the late 20's, we had an assortment of owner groups which I think was led by papers and churches, followed by radio set makers and then an assortment ranging from car dealers (like KFI) to agricultural suppliers (KMA and KFMF). Even one movie studio had KFWarnerBrothers. As a group, merchants were the large, but very diverse, group ranging from department stores to insurance companies to heating oil and coal dealers.
https://www.worldradiohistory.com/Archive-Radio-Logbooks/Official-Radio-Log-1928-1929.pdf shows the owners of stations in the 1928-29 "DX Season" and you can see plenty of local merchants from the World's Largest Store to local merchants who wanted a presence in the new medium that they owned... even Gimbel's WGBS in Queens! And a bunch of churches, local governments and colleges, for sure.
So there was always a big presence of newspapers in ownership. But the transformation of radio from a nighttime network news, drama and entertainment medium to music formats emphasizing "drive time" and daytime listening wrecked the logic of some paper's belief in radio. Some divested as radio licensees were handed out freely after the War and others used radio to expand into TV and FM, such as WTMJ in Milwaukee.
My favorite case is that of my stepfather who insisted that the Plain Dealer's WHK in Cleveland, a declining old network affiliate, be sold. It promptly "went #1" under John Kluge as "Color Channel 14" in the later 1950's. And when I started building my first station in 1964, he told me and my mom that it would "never work" and that I was wasting my "college savings".
So what I think, after all my verbiage, you are referring to is the mostly post WW II interest by papers in new opportunities in radio and, particularly, TV. The New York Times, never an early radio owner, started its 1560 AM in New York in that era. Other papers looked at radio and TV, and until the FCC quashed cross ownership, many went into TV.