I'm putting my money on tablet magazines as the future of journalism. Technology has made it so we don't need as many journalists reporting the same news, so it makes sense to redeploy them to niches.
On digital magazines the payments are also more frictionless as Apple/Google have already set it up, and I have a theory that the reading style is different too. On the internet people want quick, shallow bites of information, but when you're holding a tablet you probably have at least ten minutes to really get into the deep, quality articles that professional journalists excel at.
On my project (issimomag.com) we're having to really push our journalists not just to write but to become true digital natives by finding pictures, videos, soundbytes, mini apps, etc if appropriate to go with all stories. At an event? Get your phone out, or better yet have a camera. The platform can handle a gallery of thirty pictures effortlessly whereas traditionally you'd obviously need to find space for them. In fact the pictures could be the entire story, no more needed. Honestly its a bit of a struggle to change the culture after decades of stagnation sometimes but it's one that journalists need to make.