Derek Rose is right, by the way. Blogs will never replace newspapers*. Newspapers will never give up wood pulp for megabits. My girlfriend is in a serious relationship with a blogger**, reads a fair number of other sites, and gets the paper's headlines in her inbox every day. And despite all that, she'll never give up the paper version. Nor would I. Nor would anyone I know. Tangible reading materials have a comfort, convenience, and charm all their own, and the simple existence of an alternative won't change that.
Will there be more integration between print and the web? Sure 'nuff. But the hysterical, off-the-cuff eulogies Jeff Jarvis is always providing for print media are nothing more than the ravings of a technoguru. Radio's still around, TV's hanging out, books are still printed, and the net's not gonna change all that. It may force some adaptation, but not change.
* And none of this even addresses how dependent blogs are on newspapers. Without them we'd have nothing to report and no one to critique -- it'd be the end of us.
** Me, or so I've been led to believe...