The thing about technological progress is that the replacement is never just "the old thing, only on computers". When people in the 90s wrote about the Internet and the Digital Library, quite a lot of them were envisioning something like Google Books, which is just a collection of books, only online! What actually happened was Wikipedia. (And a lot of other stuff, all of which further proves my point, but Wikipedia is sufficient.) Nobody in the 90s but the wildest visionaries saw Wikipedia coming. The Digital Library wasn't just the analog library writ large, it was something new that an analog library could never do.

Digital newspapers already exist. They are fed by RSS/Atom and do a variety of exciting things. Adding a top layer of formatting driven by a computer to make Google Reader (or your favorite RSS/Atom consumer) look like a old-style paper newspaper is a waste of time, and even worse, a waste of valuable screen space. Especially if you're going to try to write an algorithm to automatically figure out what the "top story" is, which will never be as good as a human. (And as in the first paragraph, there's also a variety of other things, like Slashdot, Reddit, HN, and all kinds of further digital elaborations on the fundamental newspaper template as modified by what digital makes easy and/or possible.)

Trying to replicate the old analog way of doing things is just silly.