“The Tribune Company owns businesses (which) make money by placing ads in between (broadcast) or alongside (print) scarce content. That model, I’m afraid, is dying for two reasons. One, content isn’t scarce anymore. Two, advertisers have other, cheaper ways of reaching the people formerly known as the audience. I’m not sure there’s any form of government help that can protect traditional media from that.” — Terry Heaton on Tribune bankruptcy
If you think Mr. Heaton is wrong on either point, I’d love to hear from you in the comments.
And this from Clay Shirky, guest blogging at Boing Boing:
“This change has been more like seeing oncoming glaciers ten miles off, and then deciding not to move.”