The impact upon the conventional publication industries will be dramatic and there is widespread concern for the groups who depend on those traditional means. These include publishers, authors and readers, although it is the publishers who will be most pressed to establish a viable role for themselves. Of particular concern for mathematics is the future of professional societies who depend on the revenue generated by journals. Additionally, 17% of all book titles published in North America originate with University Press - but this accounts for only 2% of book revenue.
Given economic pressures, we can calmly predict a reduction, perhaps even a drastic reduction, in the number of graduate and senior undergraduate mathematics courses offered at different universities. The students will instead use video conferencing equipment to take ``courses" from professors at other networked universities. The facilities are in place, the demands for cost-cutting are in place, and faculty retirements are taking place.