Why do we still have newspapers?

With the ability to publish news stories almost immediately and the fact that it is cheaper to run, why are newspapers still competing with internet based news sources? Newspapers have one major advantage over the digital world from a news perspective. Whereas news online can be written by almost anyone, news stories in a newspaper have been written by journalists. The stories have been researched and put through an editing process and they comply (most of the time)with the law. Nowadays thanks to social networking, blogs such as this one, podcasts or even something as simple as a comment on a website, pretty much anybody can say pretty much anything they want pretty much any time they want! Now while this seems like a great technological advancement for the human race we have to consider that we may not want to listen to what the entire human race has to say. As citizen journalism becomes larger and larger, with more people voicing their opinions on the internet, the people who just want to read some proper news stories are going to have to search through more and more opinions to find the facts. It is this reason why newspapers are still available in the shops and why there is still a place for the newspaper in the modern newsroom.