Newspapers and Movies?Both Fading Fast: There are two important institutions that are about to be decimated by technology: newspapers and movies. It won't be pretty.
A media industry in decline: But it's a shame that the center of the media industry has moved to Silicon Valley and nobody told New York :-)
I should write Mayor Bloomberg a letter about that. It would point out that many Silicon Valley companies such as Google, Yahoo, and Ebay, are in fact media companies. They are technology enabled media companies.
They publish digital rather than paper pages but they carry content and advertising just like a newspaper or magazine paper page.
What challenges for the publishing industry in the digital age? Commission opens public consultation: The starting point of the consultation launched today is a Commission study on factors affecting publishing industry competitiveness indicators. The study indicates that innovation and reform are major challenges facing the EU publishing industry. Newspapers, for example, are read by over 180 million people across Europe. But their advertising revenue is falling, their core readership is aged over 45 and younger readers appear to prefer other media. Digital technologies are fast changing the ways in which content is created, combined, distributed and consumed.
