Newspapers and magazines will probably still thrive on the internet, albeit in an altered form, because the rapid turnaround of the information that news publishers provide does not allow for individuals to copy things fast enough for the demand. On the other hand increasing bandwidth on the internet will mean that few people will avail themselves of long distance telephone calls in favor of a direct internet connection instead. Several people I know already take full advantage of this service, even though the quality now is just marginal. All is not doom and gloom. With the demise of big publishers and recording companies, the little guy can have a chance.
Creative individuals can record, advertise, and publish with a small amount of money.
Consumers will be able to download their music, videos, and books and pay them directly on the web. Of course, each consumer can send the stuff off to their friends for free as well. But still, the individual creative artist should do pretty well even without copyright. Not that they were left out exactly, they are included of course. So copyright has never been very effective.