Is 2011 the year that will tip the scales and media will make the paradigm shift to new media?

Is 2011 the year that will tip the scales and media will make the paradigm shift to new media?

300,000 people canceled their cable subscription in 2010 and it is estimated that 30% of Netflix subscribers aged 18-24 are using Netflix in lieu of cable.

Hulu is airing first run original content like last year’s reality series If I Can Dream and has more recently launched the Morning After hosted by Brian Kimmet and Ginger Gonzaga which is the first show where Hulu originated the initial idea.

iPads, Kindles and Nooks provide access to an endless list of magazine like Readers Digest, People, Wired, Time, National Geographic, Sports Illustrated, Fortune and The New Yorker just to name a few, one wonders if print journalism will ever be the same. Virgin recently launch an iPad only magazine that it promotes as “a revolutionary multimedia magazine built specially for the iPad.

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Is 2011 the year that will tip the scales and media will make the paradigm shift to new media?