It's not only not a big problem, it's not a problem at all in my opinion.  In fact, anyone can still own a physical book if they want to.  There's nothing stopping people from buying paperbacks and magazines or anything else.  Has anyone here had to move and they have boxes full of books?  It's a nightmare because of the weight.  Sort of like having to move boxes of vinyl records, which is another 'problem' that has been solved by technology.

This article is a puff opinion piece, much like almost everything else you find on the internet these days.  Very little thinking involved, biased, and designed to provoke some level of outrage.  Media has always been that way, but on the internet it's everywhere and on many sites there aren't even any journalistic standards.

If individuals ever think they are being stiffed by not actually owning their books, they will probably revolt and start buying them again.  This just isn't the problem the article thinks it is.