I am an older person and I still read two newspapers daily. I generally do not use the Internet to read news, but I do watch the evening network news on TV.
For me, personally, the loss of newspapers would be very upsetting. This is because the newspaper is part of my daily routine and entertainment. I read the local paper in the morning during breakfast, and the big city newspaper from our area during lunch. I also do most of the puzzles (JUMBLE, SUDOKU and CROSSWORDS). I cannot imagine that fooling around with a laptop at breakfast and lunch would provide the same pleasure and entertainment.
When I run out of time at lunch I toss the uncompleted puzzles in my car for use during coffee break. Again, I would hate to lose this part of my day.
Yes, the loss of newspapers would probably have no monumental adverse effect on society, but for me, personally, it would be very undesirable.