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I did say that online news organizations and blogs have a much more efficient business model, and heritage media would do well to emulate that or be phased out.
2. Music will never be phased out by Britney's conquer as the internet does not leverage on music but information. The fundamental of the Net still very much emphasis on information sharing (duplication of bits and bytes) as music is just part of the media (not the industry itself). Who knows I might be wrong that there is no more Tower Records on the street and artist/singers would never been seen on the street either, their home have to accommodate a recording studio.
3. There are something that the Net will never able to replace, IMHO: money, food, transportation of goods and church.
My 2 cents.
P/S: The picture above speaks the article. Well posted!
Fox News.
Need I say more?
If you need more proof, check out the stellar accuracy records of the LA Times, NY Post, and Air America (just to pick some random organizations out of a hat).
-I quoted Valleywag because that's where I saw it first, nothing wrong with that.
-People still think of GOOG as a technology company, just because you found a reference to someone talking about blogger means nothing. Google continues to be thought of as a tech company by most people.And it thinks of itself as a tech company.
- Google profits from Google news by sending traffic to sites that use AdSense.
-Not profiting from a service doesn't mean they don't hurt the profits of other companies. It''s like saying Craigslist only makes money from job ads and therefore has no effect on the classified advertising business of newspapers.
- Yes, "heritage" media has a lot to blame for missing the boat in many ways but even if it hadn't missed the boat, even if it had been blogging etc,years before, it wouldn't help. That's because the online business model is much poorer than the "heritage" business model. "They can't get there from here" is the way I like to explain it because online advertising and other online revenue opportunities can't support the "heritage" costs of media. Google and others have helped to create very low cost online advertising and thus set the price of advertising online. Google and its ilk doesn't want editors or journalists it uses software and servers. "Heritage" media can't compete against that model.
- Yes, millions of bloggers, a veritable citizen journalist army will replace the old media! Wow, you really believe all this "emerging" media stuff don't you! Good luck.