What if old media dies before new media has sufficient business models?

Silicon Valley Watcher has a story about a question about what happens if new media (Google, Yahoo, Craigslist, Ebay) kills off old media before a stable business model has blossomed.

It is Silicon Valley’s top companies, such as Google, Yahoo and Ebay, that are devastating the old media business models. But the new media business models have not yet “grown up” to support the quality journalism that we need as a society.