I'd actually be interested to see a cost breakdown between this and just buying a newspaper subscription; it looks like he spent about $100 on materials, plus then there's the ongoing costs of electricity (negligible), printer ribbons, and paper. Ribbons appear to be about $1 / ea if you buy in bulk, and I don't recall how much printing you get out of a single ribbon, but let's assume a 24 pack is enough to last you a year. Paper seems to be about $30 / 1000 sheets, so assuming he sticks to the single-page-per-day format, that'll last almost 3 years.

So up front costs, $100 Ongoing costs, $35 / year, roughly.

Newspaper subscription is about $150 / year, so this'll actually be cost effective if he keeps it up. Of course, you're getting a lot less news than you would from a newspaper subscription, so the relative value is questionable there.