Newspapers: Are reports of their demise premature?

I read an article recently in the Detroit Free Press that quoted media mogul Rupert Murdoch as saying that newspapers will survive the transition into the 21st Century. The reason? People crave information.

Murdoch says he likes the feel of newspaper as much as the next guy, but newspaper journalists need to get over it. It all comes down to people want an information source they can trust.

“I like the look and feel of newsprint as much as anyone,” Murdoch told the
Freep. “But our real business isn’t printing on dead trees. It’s giving our
readers great journalism and great judgment."

What do you think?