Murdoch sees gloom for newspapers against Internet
"The media magnate Rupert Murdoch predicted a gloomy future for newspapers, which he said are failing to adapt to the realities of the Internet." See the rest of the story here at Yahoo News. My guess is also that papers will have a hard time in the future, advertising money is shifting more and more to the web, however there will be room and need for newspapers as well just remains to be seen who can adapt.