If the main stream media was truly dying and push came to shove, the billionaires will just buy them out and operate them at a loss. Like Bezos did with the WP. It's a small cost of doing business for them. What do the big newspapers lose a year? 20 million? That's pocket change.

In Canada, the government just gives "approved" media sources handouts.

Traditional media isn't going anywhere, especially when social media is bending over backwards to kill their competition, which in a lot of cases is themselves.