What kind of future does reading have?

The world is becoming more visual. Video is easily accessible to everyone these days. We don’t need to write to communicate as much as we did before there was the internet and cheap video cameras. It is arguable that the skills our children will need have to do with visual communication, not written. Certainly it will be much more important.

So will reading become less important than it is now? If so, how much less important? How much should we worry about our kids spending time on visual media instead of reading?