No! It is not possible to replace print media completely. But yes, web media is more preffered. I prefer printed books over e-books. Digital books did not give me that pleasure , which I am fond of.
Yes, in near future people will forgot print media. Web media is eco friendly, cheap and easy to access and store. On the other hand, printed media involves lots of paper wastage and use of harmful chemicals in ink.
Well it depends as people who can operate gadgets can switch over web media but still print media plays an important role. Many people still feel its morning when they get a news paper although web media is also doing well but both have their significance.