What Happened to the Society Page?

Does the society page still exist?
You know what I mean. I'm talking about those pages in the newspapers featuring the town's socialites (rich people). Like this:
On May 15, a coming out party was held for Miss Royal Blaine Bankhead, a local debutante. The party was given by her parents. In attendance were 100 guests. The Bankhead's lovely home was festooned with white lilies, and Miss Bankhead graciously received guests in a white chiffon frock trimmed with Chantilly lace. It is rumored among those in the know that an engagement party may be in order for Miss Blythe Blaine Bankhead, the older sister of the honoree.
Tables were draped in white linen, and a centerpiece of lilies and orchids adorned each table. Guests danced to the music of Johnny Juke's Orchestra. The buffet featured a champagne fountain and tea sandwiches.
I always wondered what it would be like to be important enough to be named on the society page. Did I envy those people? I have to admit I did. But the society page, as far as I can tell, is no more.