"This Will Kill That"

I have come to the conclusion that the way we interpret literature and share it with others has drastically changed over the course of the lifetime of the computer/internet.  The internet has revolutionized the availability of information.  Books are not the only, or even the most convenient or reliable resources to find up-to-date information on any given subject.

In the Middle Ages, Victor Hugo argues that the invention of the printing press had, what I can see nowadays, the same effect on architecture as the internet has had on the world of literature.  Back then, literature replaced architecture as the greatest representation of thought, ideas, and beauty.  Has the emergence of the internet and other media (i.e. movies, social media, blogs etc.) come to replace literature as the medium through which these things are shared to and by mankind?  As I look at blogs, social sites, watch movies, etc. and compare that with some of the popular culture literature being published today, I tend to think yes.