Wanted: New Media Business Models

What we’re seeing on the Internet right now is a major upheaval of business models, a revolution that’s going to be viciously fought from both sides, by the newbies disrupting everything, and the old-world powers very upset at how the newbies are breaking down what were lucrative barriers for them.

That high marble tower the newspaper industry used to peer down from is crumbling. The music industry, or should I say last century’s music industry, that acted both as boon and filter of music, is also facing demise. No longer can a mighty few decide what is news for the masses to consume, and no longer can they decide who becomes an overnight sensation. After they spent billions, years, and enormous amounts of clout conglomerating and streamlining, the media world suddenly decentralized under their feet.
TechDirt.