Will traditional media be replaced with digital media?

I necessarily don't believe that traditional media will go away forever, not at the moment. Although I may not be that old I was generally surrounded with traditional media and that is what I grew up with and I respected and empathized with my family who also grew up with traditional media. But as the future is coming at a rapid pace traditional media is being threatened by digital media and could even become extinct. Media relies on the people, primarily the youth who constantly are interacting with media every day, for it to survive. Recently the sales of televisions, radios and even newspapers have dropped over the years and many companies are losing money. This is due to the main fact that you can do all of these things online now, free of charge, intended or not intended (torrents). More people find it convinient and easier to whip out their tablets or smartphones and search for the TV shows they want to watch, the music they want to listen to and the news they want to read, all free of charge. Another reason why sales of traditional media have been failing is because the prices are too high (mostly for television). People like to watch their movies or play their video games on a big screen. Well so far if you want a big screen TV with crisp clear quality you need a fat wallet to get it. Also television now a days is pushing more towards digital too. Now what I mean by this is that they are trying to implement digital aspects into a traditional mechine. In some TVs you can record the TV shows you have watched and replay them without waiting for a specific time. Some TVs even allow you to browse the internet. So I don't think traditional media will go away entirely, but maybe somewhat implemented with digital to work together somehow.