More pith from Paul Graham:
We can all imagine an old-style editor getting a scoop and saying “this will sell a lot of papers!” Cross out that final S and you’re describing their business model.
I think he’s on the money with this conclusion:
I don’t know exactly what the future will look like but I’m not too worried about it. This sort of change tends to create as many good things as it kills. Indeed, the really interesting question is not what will happen to existing forms, but what new forms will appear.
Hat tip: David Smith