On the one hand, I'm sympathetic to arguments that we are all worse off without the reporting done by newspapers. Then I see what passes as a story at the Gray Lady: For Young President, Flecks of Gray. If I need to point out the absurdity of a story about a man in his 40's in a stressful job going gray, please just go back to the hard hitting journalism in the paper of record.
If the Times was writing stories about whose fingerprints were on the various stimulous/bailout/bankrupt ourselves, our children, and our grandchildren plans, then I'd mourn the death of papers more. Unfortunately, stories like this just go to show that the papers are doing it to themselves. They've long since abdicated their self-appointed role as the watchdogs of democracy.