If you read newspapers, you might consider whether the same could happen to them. People already get a lot of their news via TV or online.
Jon Fine, in an article in BusinessWeek, wonders if The Writing is on the Wall (and on the Web).
I was still thinking news, though, so I asked Murdoch, the longtime newspaper guy, what he would do if he found himself owning a bunch of big-city newspapers. His first reaction: "I'd run." When pressed he said that papers had to adjust expectations--that 30% profit margins were shrinking to 10%, and some may not even survive. News Corp. withdrew a bid for Tribune's (TXA) Newsday, he said, because "I got scared." I was left thinking, good grief. If Rupert Murdoch is writing off a major segment of the American newspaper industry, it's truly time to shut off the lights.
It makes ya wonder if those of us who love books and newspapers and magazines will be forced to change – if by trying to hang onto paper, we’re fighting a losing battle.