There has been only one successful daily newspaper started in that time, USA Today. However, there has been growth in weekly newspapers, and there are roughly 7,000. Fewer than 30 cities have competing newspapers. Overall, newspapers seem to be holding their own, but they are not growing very much. The decline in circulation seems to have stabilized, though building the reading habit in young people is difficult, and reading habits from a young age are the best predictors of future newspaper usage.
Afternoon newspapers are pretty much a relic of the past.
The elite newspaper will likely have much longer stories, and these stories will likely be laid out in a vertical manner on the page. The WSJ is probably the best example. Also, elite newspapers tend to maintain their own bureaus in many places in the world, and so are less likely to rely on wire services. A wire service provides news stories to clients. In the case of the Associated Press, the largest of the wire services, news outlets such as newspapers and television stations are also members of the service, which means they send all their stories to the AP, and then all other members can use those stories.