Aug 21, 2011

How the internet has all but destroyed the market for films, music and newspapers
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Written by : Tom George| 0 | Media

Via Scoop.itinternetbillboards

For most of the 80s and 90s, NBC dominated US television: Miami Vice, The Cosby Show, Cheers, Seinfeld, Friends. The network earned its ratings by pushing boundaries – Miami Vice stylized the police drama, while Hill Street Blues gave it gritty realism.

These shows also brought in big money – NBC was once one of the most profitable divisions of General Electric. But when the parent company was acquired by Comcast this year, the deal reportedly gave the network a value of zero. NBC isn’t the only major media business that has fallen on hard times.

EMI, home of the Beatles and Pink Floyd, has trimmed its roster and cut thousands of jobs. The Washington Post, which set a high-water mark for US journalism with its Watergate reporting, has reduced its newsroom staff, closed its national bureaux, and declared: “We are not a national news organisation of record.” MGM, with its roaring lion logo, was recently acquired for less than half its 2005 value.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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