As press photographer , i ve started 7 years ago and it was the end of argentic photography for newspaper and press photographer. The equipement was expensive cause just Pro body like nikon D1 , Canon EOS 1D , etc . Now you can get excellent body new or used for under 1000 euros so the « technical » quality is accesible to everybody. But the artistic quality and originality of an image don’t depend of the equipement … a good photographer takes better pictures with a eos 350D and cheap lens than a not good photographer with EOS 1Dn and expensive 2.8 lenses. So digital photography can help beginner photographers to progress , to share quickly their images…
…the bad consequence is the editor of magazines or newspapers are mostly interested by cheaper photography and prefer take a bad but cheap or free picture from a « wanna be » photographer than a beautiful ( but expensive ) pictures of a pro photographer.
So what i see in my profession is that is really harder to live from photography cause there is too much people who want to sell pictures to magazin or be photographer since the photography became DIGITAL.
I ve contact a mountain bike magazine to work as freelance on freeride or downhill event but they prefer let the redactors or journalists take pictures themselves than pay a photographer.
here a street mtbiking pics from me
so if magazines pay… they pay nearly nothing cause they know that thousand new photographers wait at the door …
conclusion, digital have just multiply the concurence by doing easier the way to produce and distribute images.