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The New Media Order

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From U.S. News & World Report:

The largest shareholder in Knight Ridder, the nation’s No. 2 newspaper chain, called for the company to be broken up and sold partly because it cannot capture ad dollars that are migrating to the Web. Merrill Lynch analyst Lauren Rich Fine pointedly noted there might be a shortage of buyers, given the “secular challenges” facing traditional media houses…

Today, more than half of U.S. households have high-speed lines that allow them to easily access and download music and video from the Web onto an array of devices from laptop computers to cellphones to iPods. The average person now spends three hours a day on the Internet, and with the explosion of blogs and social-networking sites, where users provide free content, the line between consumers and providers has all but disappeared.

Meanwhile, a round-up of updates on the UCSD story from Infinite Monkeys.


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