Craigâ€™s NewYorkBusiness.com is reporting that old media hits the skids as new models roil market. The report describes how TV viewership is down at NBC by 11%, at CBS by 10%, and ABC is down 5%.
From broadcast to print to music, New Yorkâ€™s old media companies stumbled in the face of the chaos brought about by new media in 2007. The future of some of the cityâ€™s most venerable companies and brands looks suddenly shaky.
We have entered into a new era for television and the industry just does not seem to understand the shift. Like the print and music industries before them they are struggling with a business model that is not prepared to do battle in these new times.
The Los Angeles Times has an article about striking writers in talks to launch Web start-ups. Some of the writers see the opportunity that the strike is creating for online video ventures. They are drafting business plans and meeting with venture capitalist’s like Accel Partners. Some of the writers who are drafting business plans said …Continue Reading