Nick Denton's empire. A lot of regurgitation, a fair amount of speculation, but some original reporting too.
Those blogs have a ton of faults and are not what they once were, but they deserve a lot of credit for filling a niche, doing it successfully and in a cutting-edge way, and running with it -- and then doing it for niche after niche after niche. Mind you, if I had to get all my news from Denton's outlets, I'd probably leave the planet.
I don't think newspapers will die. I do think they need to step it up and get better at what they do to still be relevant and appealing. The market is choked with options; standards have to be higher than they used to in order to compete. I still think the New York Times is the best news source available by almost any standard.