As I said over in the other thread, there's more than one way to skin a cat, some examples being:
3. PDF paper-style magazine, direct download from website.
4. Page-flip PDF paper-style magazine on issuu.com
5. Email newsletter, ie Mail Chimp: http://mailchimp.com/
People have different preferences on how they read stuff, personally I have a soft spot for traditional newspaper/magazine design, having worked on newspapers back in the 80s and in the late 80s-90s I used to write articles for Micro Computer Mart, Atari ST User, Amiga User, and Amiga Computing.
With a pdf people can print off their own copy. It's relatively easy to produce a reasonable magazine in Word or similar and then output it to pdf. But you do have to be prepared to build up an issue on a regular basis.
Wordpress is a good alternative if you want to go online newspaper-style, and has the advantage that you can update it whenever there's a new story instead of having to prepare a full issue before publishing.
I write, edit and publish a local online newspaper as a contribution to my local community: http://thebloxwichtelegraph.wordpress.com
– it uses the free Wordpress.com, which works well enough within the constraints of available themes and customisations. I used to produce the predecessor to this as a website under webs.com, but it eventually proved too long-winded in production and technically limiting.
There are many newspaper and magazine-style themes for Wordpress, some are available on wordpress.com (the mostly free verison), many more (usually the best) are on wordpress.org (which you have to pay hosting for and the best themes are chargeable and usually more complex in use).
Here's a bunch of newspaper/magazine themes, most of which are for wordpress.org:
This is an advanced newspaper theme which I've had an eye on for a while:
And City Desk is a brilliant new theme for a newspaper:
So it's not a huge challenge to produce either a downloadable pdf mag/newspaper or a Wordpress-based equivalent, both have their advantages and disadvantages.
In the end it depends on what production model finds favour, and who is willing to do the work - assuming contributions are forthcoming!