Reading to a child is very important I think. You share a story, you laugh or cry together. The child can ask questions, you can talk about the pictures and there is a closeness.
A child who has to learn to read early will be good in reading, but maybe not in asking questions to learn more, to share feelings with others.
I am not talking about children who wants to learn to read.
I like to listen to books on CDs. It is a different feeling than reading.
People like to come to gatherings where an author is reading.
So we should not forget reading loud for someone.