I don't see printed media dying any time soon. Television never killed radio; radio just changed tactics. Every time a new medium came out, it meant the end of the others and it never really happened.

That said, what I'm saying is essentially what you're saying. Many in the news business (which should really be called the advertising business) see their futures online and are transitioning their core business to it.

It's not like they can, or should, do it overnight, though. There's still a lot of money to be made on the sun-setting industry.