Perhaps one place to start is a printer-specific CSS ontop of a current aggregating site like newsvine or google news (write a Firefox extension or greasemonkey script to apply your CSS to the page).

This is a pretty cool idea, and I like it, but I don't know how many people would pay to use it. This is the sort of thing that might have to be Web-based; maybe each page would have a Google AdSense banner or something.

This idea is carefully described in Epic 2014 - googlegrid.
http://www.robinsloan.com/epic/

Their idea was that automated web-bots would track your news reading preferences, and create you a new newspaper each day, based on ONLY the stuff that you are interested in, and would read.
Other headlines might be listed at the end, just in case you have some spare time, and are vaguely interested.

if the above article is accurate, you will be able to sell this product to google in a couple of years for a couple of billion dollars...

I already use Google News to get all my updated news where I can specify if I want stuff from blogs or news, and so and so. I believe their solution, although not perfect, is probably one of the most advanced thus far.

Also, about revenues, you can't put advertising on such a thing. Google just lost a suit from the Belgian press association and worked and out of court deal with the French because of their aggregated news, which only included headlines. I imagine the uproar if you had advertising next to this.

Unless it is an opt in system for news sources with profit shares, it will be difficult from a copyrights stand point.

yeah how do you make money?

This was an early idea of mine when I first joined CH. Since that time, the online aggregator market has exploded and really many of the features in this idea are captured in existing products. I no longer really see this as a viable idea unless someone can add a new flavour to it!