What happens when a newspaper disappears?
economist.com
economist.com
http://www.youtube.com/watch?v=k8E8xBXFLKE
He discusses a recurring theme on The Wire about the decline of a town's main newspaper, and how this results in blatant corruption going unnoticed. Simon doesn't think bloggers offer a true replacement. Personally I'm more optimistic about the Internet, but his opinion is worth your time.
http://www.democracynow.org/2009/5/7/david_simon_creator_of_...
Basically points out that older folks will suffer most from the loss of local newspapers, but that people can find another way to spread information if they need to.
There is a school of thought (that I don't disagree with) that says that a free press is a tenet of democracy, so if that's true there will always be free news reporting. It just wont come to us on dead trees.