It's not just that, though. At least here in NY, tons and tons of smaller local (e.g., county-wide, not just mom-n-pop weeklies) papers have completely gone under -- shut their doors, fired their staff and "left the building". That's not "ok", that's "dead".

I agree with you that TV/Radio make it out to be worse than it may be, short-term, but I think it's still pretty grim.