The reason this is a big deal is because it would effectively shut down places like Drudge, and sites such as this one (theoretically anyway) - because using hyperlinks is a big part of disseminating the news.
However, if this happens, I will simply begin to summarize the news of the day rather than using direct quotes and links.
In fact, that was the original plan for this site until the volume of news made that prohibitive. But going back to that would be no problem at all, and we will continue without skipping a beat.
Arguing the central role hyperlinks play in the digital environment, the Computer & Communications Industry Association (CCIA) wrote that linking to content freely available online should be legal and was already ruled on by the court in earlier cases.
“If this capacity to link is put in doubt, the web would lose its universality and power,” the CCIA wrote. “The most important information medium of our time would be hobbled.”