Replacements for the Newspaper

If you put text and pictures on a pad device is this a replacement for a newspaper?   The roll out of The Daily is an attempt at making this work. GigaOM discusses this.   In one sense yes, it brings essentially limitless content to the user via search, links and alerts.   It thus puts a news source in context of much more information on the Web.  In this way it is much more than a newspaper, it is a place where the kind of content of a newspaper is embedded within definitional resources like encyclopedias.  And computational and analytical resources like Wolfram Alpha.     Still, papers are cheap, disposable, more easily carriable.  It is doubtful if they will be completely replaced anytime soon.