As anything else, too much money made them complacent and negligent.  They could not hear and wake up to the roaring sound of the internet freight train that was coming right behind them.  That is the reason we see a lot of newspapers and magazines dumped into history's dustbin.  Traditional TV networks are next online to go the same way.  With the advent of internet, all the subjects of the king media woke up and started to see that Emperor does not have any clothes.  More and more educated people all over the world are searching the truth and chipping away the old media castles.  There is a real chaos on internet right now.  Way too many websites defending right, left, independent anything under the sun.  By 2020, we will see emerging internet media stars and millions of smaller niche pitchers. 

This is really beautiful.  Everybody will be free to vent their own ideas, angers and pleasures.  Instead of fighting and killing each other, our ideas will fight and hopefully the best ones will win. 

The unipolar and globalized world that we live in is becoming unbalanced and too dangerous.  As corporations get more multinational and powerful, they destroy the democracies by buying out lawmakers and state bureaucracy.  While more and more people become poorer a small minority becomes outrageously rich.  What rich people don't realize is that their best customers are middle class people which they are exterminating. 

I believe online new media will enlighten all world citizens to fight for just and transparent governments.  I know it is going to be an arduous and treacherous process, but the end result will be spectacular for humanity.