It can be both. Indy bookstores seemed to have reached an equilibrium point after the onslaught of both the big boxes and Amazon. There are many fewer stores, but those that remain are often profitable with loyal followings. They had to innovate to branch into things like becoming half-coffee/half-bookstores, or become better big-boxes themselves, or focus on community events and authors.
Perhaps we'll see a collapse of local news (which really has already happened) and the resurgence of quality national news on a smaller, less competitive, but sustainable basis?
Perhaps we'll see a collapse of local news (which really has already happened) and the resurgence of quality national news on a smaller, less competitive, but sustainable basis?