That question about The Times moved to center stage when Jill Abramson was canned, abruptly and seemingly without management or public relations skill.
Sure, that media outlet offers a good read. But so do many others. Gawker provides investigative reporting. And it's free. Niches, ranging from business to law to entertainment, are more than adequately covered by digital sites. Their tone and content are accessible to all generations. Nothing in Business Insider, Abovethelaw.com or TMZ turns me, a Baby Boomer, off. In addition, all are free. There is no limit such as only allowing readers 10 articles to retrieve monthly.
When it comes to the Roman Catholic Church, there are also both upstarts and old-line religions to provide us guidance, inspiration and the strength to go on, despite the difficulties of life. Yes, it now has charismatic leader Pope Francis. However, in America, he's not enough to hold onto never mind grow market share among Hispanics.
Perhaps the term "institution" has become negative. I recall when the internal powers that be at Newsweek contended that they needed to preserve the integrity of the institution. To me that seemed out of touch with reader needs and the competitive landscape, even years ago. Essentially Newsweek had lost all its market value.