Just came across this article from Newsweek in 1995. It lists all the reasons the internet will fail. My two favorite parts:
The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.
Yet Nicholas Negroponte, director of the MIT Media Lab, predicts that we’ll soon buy books and newspapers straight over the Intenet. Uh, sure.
If Newsweek is as good at maintaining the journalism industry as they are at fortune telling, they should be around for a long time.