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I'm the founder and CEO of Seeking Alpha. I worked for five years as a technology research analyst for Morgan Stanley in New York. I left in early 2003 to manage money (long/short) and explore new approaches to financial publishing, ultimately leading to the creation of Seeking Alpha. Prior to... More
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  • The Future of the Media Industry According to Paul Graham 1 comment
    Sep 20, 2009 04:23 PM | about stocks: NYT, NWS, MNI, GCI, MHP, TWX


    Paul Graham (pictured above) is an essayist, programmer,  programming language designer and partner in Y Combinator.

    His most recent monthly essay is a must-read for media investors. It begins:
    Publishers of all types, from news to music, are unhappy that consumers won't pay for content anymore. At least, that's how they see it.

    In fact consumers never really were paying for content, and publishers weren't really selling it either. If the content was what they were selling, why has the price of books or music or movies always depended mostly on the format? Why didn't better content cost more?
    The entire essay, Post Medium Publishing, is here.
    Themes: media, paid content Stocks: NYT, NWS, MNI, GCI, MHP, TWX
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This post has 1 comment:

  •  
    Thanks so much for posting this. What a profound, fresh and oh so smart view of the situation. And one that publishers will certainly not like. But if they're smart, they'll certainly take note.
    Sep 21 05:47 AM | Link | Reply
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