The media miss stories all the time, always have, always will. But to miss a story of this enormity, with consequences that will echo for decades, only adds weight to the warnings of doom for the "old" media.
Every time Bill O'Reilly uses the downturn or closing of newspapers as a rationale for liberalism as a reason for lost revenue, I wonder why he never uses the same generalization for the closing of any other business.
Information wants to be free, but the creators of information also need to eat. Which of these interests ultimately prevails, although partly a business issue, depends fundamentally on legal considerations.
We call our children digital natives. But a digital generation is made, not born. Children must learn not just how to surf, link, load and click, but how to ask, judge and think to understand our world.