Your patronising tone is a little silly. Newspapers may be dying out, but there will always be a place for "media companies". Few people are willing to depend on Twitter and the blogosphere for news, and Yahoo is one of the few companies that are successfully meeting the changing news needs.
I'm not necessarily against media companies such as newspapers. Actually, I hope at least a few really make it, or we're in trouble.
But Yahoo thinks they are a "media company" because they sell banners on Yahoo! Mail (...). And, frankly, I don't see them meeting the changing media needs...