Here's my comment:
I read somewhere that during the Great Depression of the 1930s, when folks couldn't afford jack, people relied on entertainment. I think Hallmark Cards were the biggest selling items because people wanted to engender hope and a smile.
While modern folks figure out how to pay off car and house loans and put a damper on bigger investments, I believe entertainment will thrive. The internet will provide great escape and publishing will cut the fat [maybe we won't have a predicted "graphic novel glut" -- which is a good thing].
People still need movies, music, theater, books, and comix. It's how we cope and thrive. It's how we survive turmoil and it's in our our culture and our blood to entertain and consume no matter the cost.
Let's just keep our costs manageable and we'll be okay.