"In an age with more user-created content than physically be consumed, where dinner tastes better in front of an HD television, and all your favorite movies are instantly available – in the palm of your hand, is there any need for the traditional book? Yes. Without a doubt, yes."
I don't think reading is lost on this generation's teenagers as much as it is oddly fetishized. If you look on teenage-favorites like Pinterest and Tumblr, there are whole accounts dedicated to books - that they'll probably never read. With 'The loss of the book' (slate.com) being a hot topic of conversation these days, people - and teens online - obsess over the thought and feel of a real book, instead of the content - which is the most important part.
Also, I think teens are more vocal about the books they read than before. Twilight, Hunger Games, all the John Green novels. They're all over Twitter and Tumblr, because they have a place where they can obsess over characters and stories - even of they only read a few books.