The OP addresses a lot of music/art related points, but I'm going to focus on the news element of the media.
The way a lot of reports are done today, television news stations are getting a lot of their news sources from trending topics on Twitter and that shit. I think this shows a move towards social media being the place for all news and it's smart of news stations to be integrating that into their systems (webisodes of popular broadcasts, news Tweets, online news sources). As far as television news goes, I think it's on the up-and-out, but it will take a very long time for that to happen. The news has been a standard of television for so long that a lot of people will cling to it, so until television gives way to Internet videos I think that television news will stay. Given that we're in what's considered the second Golden age of television, I don't think that TV is going to join pagers and VCRs in the land of the forgotten for a good long while. What will definitely change in the near future is television news losing its status as the main source for news. These days, more people access news on the Internet than on television because of TV news' bad reputation and convenience (though there is still a lot of overlap in users between both mediums).
Newspapers are going bye bye, have been for a while now. They were able to hold on to some revenue when television became the main source of news because of the bathroom factor. These days with the portability of smart phones and access to the Internet, that factor is being eliminated. I either see print becoming a source for local news and/or college campus/high school news or a larger move towards news magazines that speak to a certain niche. The former is more likely.
The globalization of news these days is good and bad. In the good, we have a diversity of opinion, sources, more eyes for fact-checking and biases, and a decreasing corporate control of what is considered news. In the bad, we have the rising popularity in the fringe (9/11 truther movement, the Food Babe), less of a need for quality over quantity, users living in echo-chambers where they can generate the news sources that align with their opinion (this was also present before in television news, but with the massive amount of content available on the Internet, the echo-chamber walls become stronger), and a new criteria for what is considered news. I put the new criteria for news as both a pro and a con because many people don't want to hear about news that depresses them, even if it is relevant to their lives, while a lot of what is considered "newsworthy" by the television/MMM crowd often times depends on how much time they have to fill.
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Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth.
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