Both have their respective merits and demerits. Hardcopy? It is hard to imagine magazine, newspaper, and book racks disappear from bookstores. The feeling of touching the paper, weighing the book, and skimming through the pages are still influential in making the buy or not buy decision. Glancing at the frontpage of newspapers lined up infront of small stores bythe bus stand from across the road also has similar influence.
Imagine reading an e-book or e-newspaper or e-magazine in a bus, or train (or even while driving). That electronic reader called notebook must be there with you, with battery that lasts long enough.
But where would you keep all those 'expired' magazines? Old newspapers have buyers. Perhaps keep only selected ones that could be useful for future reference.
Future reference? In hardcopy they may not be easily retrieved, especially if you do not have the tendency to be like librarians, cataloguing all your collections.
For a long time to come, one would neither replace the other. Not all inventions make existing methods or goods obsolete.
