I was fortunate enough to attend a New Media Dinner last night which was hosted by Mr. Strauss Zelnick and featured a discussion moderated by Mr. David Remnick.
One section of the discussion focused on the print media and their online properties vs random bloggers….. (Like MEEEEE!!! *waves* :D). David asked the group [paraphrasing] “What do you see as the future for major media companies?”. I elected not to say anything, because as y’all know who read my material, I don’t like to throw in two cents and leave it at that. I wouldn’t have been content with throwing my idea out there and having the conversation just move on, so I saved it for this morning.
Basically, the point was that there have been major publications like the New York Times (NYT) and the Wall Street Journal (WSJ) and television networks like ABC, CBS & NBC that have had the media industry ON SMASH for, like, forever. That’s all going away now, because everybody has phones that either have still photo or video capability and everybody AT LEAST has a blog, and at most is hooked up to some sort of live-streaming site like Qik. All bets are OFF when Ustream releases their iPhone app. It’s going to be live video straight to people’s phones… crazy! 😀
Anyway, the question was basically how people saw these Mainstream Media (MSM) groups evolving to keep up with and remain viable in these changing times. My prediction will be based on several things that guests brought up during that discusssion.
Fact vs. Opinion
In any situation, there are at least two elements. There are “The Facts”, and then there are people’s OPINIONS ABOUT “The Facts”. Continue reading “What Do You See As The Future For Major Media Companies?”