I think it's funny. Back in my day, I thought CDs ruined the music biz. I loved holding that large cardboard cover and looking at all the details while the vinyl crackled and played on my parent's hifi. I didn't want to accept the CD - it was too small and too pristine. All the old school rockers hated digital, but I think eventually they bought in. I waited for CDs to die out.
As a kid, I wanted to have a record. My work on the big licorice pizza - but it never happened. When CDs took over, it seems like a part of that innocence died.

So it wasn't the college kids. It was really the digital world.
Truth is - we'll always find "something/someone" to blame for what we don't personally like.