I remember when people used to watch the 5 o'clock news or read the newspaper to get the "inside" scoop of whatever was the hot topic. These days, however, both seem to have taken a very far backseat to the Internet. Quite honestly, it makes sense. Why pay for a newspaper service when you can get it online. While online services cost, it is a fee most people are already paying. Fees aside, look at the convenience. People can access the "scoop" 24-7 on the internet. There is no waiting till the 5 o'clock news comes on or waiting until the paper is delivered.
All the convenience and ease aside, the internet is killing traditional journalism and media. The sales of newspapers have decreased. According to "The News Media: An Annual Report on Journalism, Newspapers: Summary Essay" by Rick Edmunds, over the last 3 years circulation has decreased, advertising revenues fell 43%, and newsrooms shrunk by 25%. These aren't statistics of a thriving business.
Unfortunately, the internet will only continue to grow and those who do enjoy traditional media will pass, leaving behind a generation thirsty for immediate gratification whether it is factual in nature or not. So in keeping with the times, traditional media outlets need to jump on board the gravy train so to speak and find a profit in the distribution of news on the web. While im all for the saying the "oldies but goodies" , the oldies are going to have to adapt to "stay alive."