I have done a post on ReadG about two scenarios for the Guardian, following Jeff Jarvis and Buzzmachine or trying to carry on as before. I think most newspapers will fail to make the transition that Jarvis is trying to conjure up. Victor Keegan writes about the problems of the music industry where the web energy comes from new companies. The same could happen with news.
academics sometimes query why quality books usually give the impression that there is a route to success, that companies do not usually fail. this may be because the quality books are written for working managers and there is no need to be too depressing. However there could be academic studies of how companies fail for quality reasons. Quality being the bundle of attributes that the users experience.
For example the print Guardian seems to me to be failing to report publishing technology through companies such as Stanza and Scribd while allowing far too much knocking copy about bloggers. Hey this is only a blog. Proper paper may follow when there is a bit more evidence.