The traditional media industry has taken a huge hit over the past few years. Since the boom of online media and social media, newspapers have been replaced by online news sites, printed books have been replaced by Kindles and e-readers, and video rental stores have been replaced by Redbox. Traditional media companies are suffering financially–some have even had to file for bankruptcy. Take a look at how traditional media is changing in the infographic below.
![The Decline of the Media Industry [Infographic] image decline of the media industry](http://cdn2.business2community.com/wp-content/uploads/2012/03/decline-of-the-media-industry.png "decline-of-the-media-industry")
Image via Totalbankruptcy.com
