The Economist summarizes the challenges for newspapers and identifies the next stage of development for the business models that sustain journalism. It's reasonably bullish on the Internet and dismisses the notion that the ailment of the newspaper is inherently leading to a loss of journalism.
It hasn't got any appreciably new ideas in the essay, except to say that the availability of information has weakened the dominance of major titles. Those who want particular content will find more of it, those who aren't interested are less likely to trip over it.
"Public opinion will, rather, be shaped by thousands of different voices, with as many different focuses and points of view. As a result, people will have less in common to chat about around the water-cooler."