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The BBC News Magazine asks the question and provides both yea and nay answers.
"But no matter how eloquently Poet Laureate Carol Ann Duffy or author Colin Dexter extol their virtues, the fact is library visitor numbers - like their budgets - are falling.
So what can the internet provide that a library can't, and when is there simply no online substitute for a trip to your local library? Here are five examples on either side"