If New York Times journalism doesn't impress you then you don't read enough of it, or don't read enough periodicals in general. I won't argue that they're the best source of tech news specifically, but they're probably the best of the general media. Their business, politics, science, health, arts, and other sections have a level of depth, understanding, and quality writing that TechCrunch or any big blog never even comes close to. TechCrunch writers might have a lot of breaking info on the startup world, but most of the opinion pieces there are poorly contrived, and the writing is barely above middle-school level.

If you think that the new reality is blogs replacing quality journalism, and that doesn't scare you, then you're either selling quality journalism short or you just don't know what it is. Enough people always will that it will have a market.