Clark Hoyt thinks so. From a story in the Stanford Daily:
Clark Hoyt, the Washington, D.C. Bureau chief for the Knight Riddernewspaper chain, painted a dim picture of the state of Americanjournalism during his talk last night, asserting that the mainstreammedia must be vigilant to remain relevant in the increasinglycompetitive industry of information.
“Twenty-first century American journalism is at a crisis,” said Hoyt,the keynote speaker for the annual John S. Knight lecture, held atKresge Auditorium. “We’ve got to be that defined voice of reason thatpeople can use.”
Or, put another way, people need a defined voice of reason, and newspapers and traditional media want to be that voice. Whether or not they can retain that position is basically up to them and how fast and how well they can adapt.