The author mentions he is worrying about who will be the "watchdogs" of the politicians, etc. This worry is ungrounded. One only has to observe such things as the blogosphere to know that as long as the internet is not a censored medium, we will have our watchdogs. I'll admit that with user generated news the average quality of news decreases. This is only due to the quantity of "worthless" news that circulates the net. I think that the newspaper industry will never die completely, as people do enjoy reading from paper. Still, it must drastically shrink according to basic economics. It can only be as large as demand allows it to be. There is no reason to consider this a "bad thing".