The New Media Elites

[lazydaze]

Good article from USnews and World Report. Touches on many aspects.



Just how quickly the landscape is shifting was demonstrated in the past two weeks. Google posted blowout profit numbers in the third quarter, with earnings rising sevenfold, handily beating estimates as its stock pushed the $400 mark.

[hansolo]

Time Warner (AOL) $10.5 billion $897 million

Disney (ABC) $7.7 billion $851 million

Google $1.6 billion $381 million

Yahoo! $1.3 billion $254 million

New York Times Co. $791 million $23.1 million


NYTimes is not just making money anymore. And now they want to charge for reading their op-eds, etc. I highly doubt it'll work.