I found the following paragraphs on the website of the National Reading Panel. This is great support for any classroom teacher being pressured to give up read aloud:
You can encourage indirect learning of vocabulary in two main ways. First, read aloud to your students, no matter what grade you teach. Students of all ages can learn words from hearing texts of various kinds read to them. Reading aloud works best when you discuss the selection before, during, and after you read. Talk with students about new vocabulary and concepts and help them relate the words to their prior knowledge and experiences.
The second way to promote indirect learning of vocabulary is to encourage students to read extensively on their own. Rather than allocating instructional time for independent reading in the classroom, however, encourage your students to read more outside of school. Of course, your students also can read on their own during independent work time in the classroom-for example, while you teach another small group or after students have completed one activity and are waiting for a new activity to begin.
What are your favorite read alouds? Please comment and share those most loved by your students.