Can traditional journalism survive in a media environment?

Even though traditional media, for example newspapers and magazines, have been around for over a century now, they get notably more and more pushed aside from the internet and apps. The ways news are being illustrated online, such as moving pictures or highlighted words in different colors, are more appealing to the younger generation than for example just a black and white photo. If traditional journalism wants to survive against for instance Buzzfeed or Facebook as a news source, they will have to think of other ways of publishing their news, e.g. seize the opportunity to reach a mobile-ready audience and get more subscribers that way. I think if the traditional journalism adapts to the new circumstances, they will have a change for a comeback and survive in a media environment.