Final answer:
The Internet has not been a definitive death knell for the print magazine industry, as the sector is adapting with new electronic media products and revenue models. The transition to digital platforms has brought both challenges and opportunities for journalism.
Step-by-step explanation:
The belief that the Internet is a death knell for professionals in the print magazine industry is not entirely accurate. While digital media platforms and online news consumption have challenged traditional print mediums, the industry is adapting with new forms of electronic media products and digital revenue streams. The launch of 60 magazines in a single year indicates resilience and innovation in the field of journalism. Furthermore, many newspapers, including The Wall Street Journal, have transitioned towards digital business models with paywalls and digital pay plans, maintaining their readership and revenue in an evolving market. However, it is important to acknowledge that the shift towards digital has led to challenges such as the rapid dissemination of information, which can sometimes compromise quality and accuracy.