The internet is gobbling up every other kind of news media, according to an annual study issued Monday.

The Pew Project’s study, The State of the News Media, found that for the first time in 2010, audiences for broadcast and cable TV as well as radio, newspapers and newsmagazines all shrank, while only the internet experienced a growth in news consumption.

The study also found that for the first time the majority of US respondents said they got more news from the web than from newspapers. The internet was also closing the gap with television as a destination for US news consumption.

The study said that the news media had reached a long-predicted tipping point with online ad revenue passing newspaper ad revenue for the first time in 2010. However a huge cut of this revenue goes to online aggregators like Google, Yahoo and Apple, leaving traditional news organizations with a large shortfall.

Keywords: internet media