> Question: do you think reading is fundamentally worthwhile in terms of practicality, or is there some other medium that would achieve both pleasure and better information retention?
If your quality bar is 'better information retention' then reading is going to be hard to beat. Videos/podcasts don't measure up.
'pleasure' is hard to measure, and gets confounded because reading takes more effort than watching a video/listening to a podcast.
Listening to podcast is not easier then reading. It requires constant attention and does not really allow you to take a break without loosing on. In a lot of ways it is harder and more tiresome. You are free to do some other easy thing while doing it, it can be more engaging due to voices and sounds, but it does not take less effort then reading.
My personal assumption has been that 'pleasure', at least partially, includes expected practical returns. I'd also guess that's at least partially true for kids: "my parents told me if I read a lot, I'll be smart when I grow up", etc.
We generally worry less if we see utility in it, and if we have people to share our hobby with. I think it's reasonable to say there's few hobbies out there without real world utility.