As of now, two questions are important. While attempting an answer to these, it is perhaps feasible to look back to recent history. When the radio was launched, nobody ever thought that it could become a viable news medium. Similarly, it is rather likely that as the Internet telephony becomes popular and easy to use, it will develop as a major competitor to the newspapers and other news media. The past experience also shows that any new technology in the sphere of media has come to stay.
Nothing becomes obsolete.
When in the 1960s television came to rule the roost in the US, the newspapers lost circulation. But the phenomenon was short-lived. The radio, similarly, was considered to have become obsolete as the news was coming with images. It lost its audience initially but was soon to regain it. Recent surveys have demonstrated that the radio continues to hold its power and a maximum number of people have been found to prefer the radio to the television, particularly during the morning hours.