The Economist (August 17)
2013/ 08/ 18 by jd in Global News
“The web is beginning to fit into the media world’s oldest script: a new technology rides into town, the moguls try to destroy it, but it survives and becomes part of the town’s future. Hollywood loathed the VCR (comparing it to the Boston Strangler); the networks hated cable TV; sheet-music publishers feared the phonograph…. Yet nearly always two things happen: the old media survive (people are still buying vinyl records and even the odd printed magazine), and the new media expand the market.”
Tags: Cable, Hollywood, Magazine, Market, Music, Networks, New media, Old media, Phonograph, Print, Publishers, Records, Technology, TV, VCR, Vinyl, Web
