More dead newspaper talk

Responding to the last (first...only) post, I agree that the internet and CNN are full of rumor and innuendo. However, IS the newspaper a more somber and thoughtful review of the day's events? Or is it just (mostly) reporters summarizing the latest rumor/innuendo from the internet at the time they go to press?

I agree that newspapers have more fact-checking and more time for reflection than your average blogger (who may be rushing to write SOMETHING on her computer, before hitting "send"), and hence more credibility. However, it doesn't seem to me that this credibility is exclusively the domain of the print media. On-line sources can, and probably will, develop some way to better filter rumor from reality. When this happens, it seems that the function of the newspaper may be limited.