I think others have talked about younger generations have a short attention span and are more likely to read online than "real books." This might be what he means. Even music albums are disappearing in favor of non-sequenced mp3 tracks on mp3 players.
But did TV shows result in the disappearance of movies? Neither do I think books will disappear due to online reading or short attention spans. Like other media, they will be fighting against ever increasing entertainment choices, but they fill a niche that won't be replaced completely. Just migrated in part to e-book form, which will hopefully help save the book, not kill it.
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