Every so often (as most blogs do) we discuss the ways that media, and in particular newspapers, is changing. Usually it's something grim for the newspapers.
Here's the other side of the argument, that perhaps something as obvious as just having good design can save newspapers. This six minute video goes over what design can do from a designer who, by his own admission, doesn't see much of a reason for newspapers to survive.
Before you immediately say no to the title's question, consider that the papers he's done design for have seen circulation rise over the past couple years. Perhaps its just a factor of the regions he works in, but it's worth a listen.