Newspapers are probably an intermediate between those two, to various degrees depending on the specific newspaper (trash vs deeper analysis).
"All I can do is read a book to stay awake And it rips my mind away but it's a great escape." - Blind Melon
Also, community. In a doctors office reading a paper - it is the same thing your neighbor is reading so you can talk about it. With smartphones, this is lost unless there is a pressing global event.
But think about it, a good newspaper has a mix of news, background, entertainment, opinions, adverts, etc - not unlike browsing reddit or twitter, it's a barrage of emotional ups and downs and items asking for your attention in different ways.
With that in mind I don't think the concept of distraction is new.