It has been over 150 years since light was first considered a form of electromagnetic radiation. There is substantial evidence that the current well-established theory, that light quanta (photons) are a form of electromagnetic radiation, is incorrect. This is largely because the theory was first introduced based on assumptions not evidence. The experimental evidence, and the requirements of quantum mechanics, are largely incompatible with the existing theory and the conceptual models regarding the nature of light quanta. Several inconsistencies associated with the current belief and the associated conceptual model are identified. An entirely new and radically different conceptual model is proposed. A conceptual model that embraces what is currently known about light quanta, from both a classical and quantum-mechanical perspective. The proposed conceptual model strongly supports the Information Interpretation of quantum mechanics; a growing belief that information is a fundamental aspect of nature. Several examples of common phenomena, such as the double-slit experiment, are discussed to show how the proposed model of light quanta provides a simpler and more consistent explanation of experimental results and removes many of the apparent mysteries.