Let me explain why you're wrong.

Despite the dominance of TV, newspapers, radio and magazines remain profitable -- just not profitable enough for share holders. Meanwhile, bloggers are being picked up by media corporations and being assimilated into the media machine. Not to mention the development of hundreds of thousands of niche e-mail publications with subscription models. And let's not forget the adaptation of newspaper and television to online formats.

The MMO industry is simply another venue to enter the field. The games generally don't threaten television at all. It's simple enough to both watch television or listen to the radio while playing a game. I'd wager most people do this now. On the print media end, there is little, if any, local coverage within any MMO. (How many people with satellite TV still get cable for the local news?) I also don't suspect people will stop wanting to read in-depth coverage provided by many newspapers and magazines.

MMOs are painted in a curious light because they're new, and not because of some mass conspiracy theory. The so-called mass media -- ranging from entertainment to news -- views the system as dangerously unpredictable right now. However, it is idiocy to believe a new outlet for profits is a problem for an industry that is notorious for assimilating new systems.