The main cause of the demise of newspapers, according to Wolff, is the arrival of CraigsList and other sites like it. In a debate with the CraigsList's Craig Newmark, he argued that classified adds are what 'supported newspapers for 100 years' and now with CraigsList, which he says is more efficient and free, newspapers are losing their auto, real estate, job and other service advertisements to the web. This accusation is definitely not new and has been discessed [sic] for years since CraigsList started in 1995.
And I would also agree that bloggers cannot ever replace the news-gathering function of professional reporters.
No, what bloggers can do is battle it out in the ruins after Journageddon with the professional pundit class. After all, quality-wise there is a definite over-lap between the top tier of bloggers and the lower rung of columnists. In fact, I suspect you could create a computer program that replicated the ink emissions from Quebecor's (T.O. Sun) stable of scribblers.
And, remember, we bloggers are already used to working for free.
So, if you earn your meals by cranking out your "views" on this or that issue, there's going to be alot of Kraft dinner in your future.