Blogs have indeed disrupted print, which is why the New York Times lost its bet in 2002.
http://blog.longnow.org/02008/02/01/decision-blogs-vs-new-yo...
Long Bets has arrived at a decision for Long Bet #2
between blogger Dave Winer and Martin Nisenholtz of the NY
Times. At stake is US$2000.00 plus half the interest that
has accrued over the last 5 years in the Farsight Fund,
all of which will go to the charity of the winner’s
choice.
In the bet Winer asserts, “In a Google search of five
keywords or phrases representing the top five news stories
of 02007, weblogs will rank higher than the ‘New York
Times‘ Web site”. ...
The Long Bets decision on this bet is in favor of Winer’s
side, weblog page ranks came out ahead of the NY Times. We
will be calculating interest and sending a check on to
Dave Winer’s charity of choice the World Wide Web
Consortium in the next month.
How could it be any other way, with hundreds of millions of people -- each with their own domain expertise -- now able to compete with journalists who often have little knowledge outside of J-school? For the topics one cares about (whether they be Linux or photography or finance), you can and will find much better reporting on specialist blogs for free, outside of the lowest-common-denominator mainstream media. And everyone has some topics they care about.
Similarly, I encourage people who believe otherwise to go ahead and bet like Martin Nisenholtz of the NYT bet. Bet that Hollywood will survive unscathed in the wake of SOPA/PIPA and YC RFS9, in an era of 1 billion plus portable high quality video cams (soon depthcams), in an era where a Macbook Pro can do professional quality video editing. Bet by buying the stock of movie companies if you believe they haven't yet hit their peak, by investing in the current physical distribution model, by wagering that actors and actresses will make tens of millions in perpetuity. Bet with the confidence that only internet nerds believe Hollywood is due for a reckoning with technology.
Others will bet the other way. That's the only way to really test the confidence of an industry prediction of this kind.