First Senator John Kerry hosted a hearing on the "Future Of Journalism." Then, ending his keynote at the annual White House correspondents dinner last weekend, President Obama said "a government without newspapers, a government without a tough and vibrant media of all sorts is not an option for the United States of America.”
They're not really going to fail (well, most of them). The major dailies in each market are essential to readers and advertisers alike. They will most likely shrink, and markets with multiple papers will probably see a reduction of the number of papers.