The Internet will not do away with the print media, the cinema, the radio or the television. As a new information and communication medium, it is creating its own space while adapting itself to the other media, and vice versa.
From my point of view, the greatest contribution of the Internet to the print media is that people no longer run after information, but that the information is there, available on their screen, and the quantity of this information is really impressive. While, in the beginning, connecting to the Internet was rather complicated for the average user, it has now become simple (for example, with the iMac). One improvement we are all waiting for, however, is a shorter connection time when accessing any website or individual pages we may wish to consult, especially those with many pictures. Let us hope that is coming soon.
But, once more, we have to remember that, as revolutionary as it can be, Internet is still only a means, as stated in Technorealism Overview: "Regardless of how advanced our computers become, we should never use them as a substitute for our own basic cognitive skills of awareness, perception, reasoning, and judgment."