I find that the experience is roughly the same for print only fictional works. For technical works, PDF on a laptop rules the roost imo, as I can add notes and copy data more easily to my laptop. For magazines, print offers a much much nicer experience, same for newspapers imo.
Hypertext is great on a newspaper, but they aren't sufficiently interactive as of yet. The ereader and website newspapers of the future will have incredibly interactivity, but at the moment they aren't 'that' much better than a traditional print newspaper which is easy to read in multiple columns.