PC Magazine columnist John Dvorak thinks that the boom in Internet radio signals the end of terrestrial broadcasts. Most people are kind of expecting that at some point. But he outright predicts it will happen before 2020 and gives three key reasons: Internet radio's global reach, its low cost of entry, and its on-demand capability. He also thinks the term "podcast" will disappear soon in favor of a name that's more akin to a subset of Internet radio, which it is of course.

It seems that one way or another, Internet radio will survive the ongoing royalty dispute, especially given its recent surge in popularity.

The Future of Internet Radio [PC Magazine]