The media sector has experienced significant changes in its communication methods as a result of the emergence of the digital age. This phenomenon gives rise to a scenario in which conventional media and emerging media exist in tandem. This article explores the interplay between the aforementioned media formats and evaluates their influence on the diffusion of information, engagement of audiences, and social dynamics. While conventional media maintains a steadfast social standing, the advent of new media has introduced interactive elements and improved accessibility, resulting in significant transformations in individuals' daily experiences. This research investigates the positive effects, such as enhanced availability of varied information, heightened involvement, and increased innovation, alongside the negative effects, encompassing the dissemination of false information, the building of echo chambers, and issues over privacy. This study underscores the need for media literacy in efficiently navigating intricate dynamics, underlining the necessity of making well-informed judgments in the presence of misinformation and the evolving media environment.