Philly Jim

Media Meltdown Is Even Worse Than Markets

New medi(ums). The internet is relatively new and has only recently become the new choice/medium for new generations to get their entertainment, news, and communicate with one another through. The "media" giants of the past are just that, giants of the past. The evolution of media will be boutique and once the new government gets in and liberalizes the airwaves and opens-up the doors of competition, we will see a slew of small start-up venues catering to specific class genres in society, e.g. hipsters, hiphop, old foggies, techies, etc... Advertising will be very centric rather than simply eccentric. Unless of course the genius of the Bush admin steps in to bail them out too. What the hell ever happened to the free market capitalism modo of the republican party? Failures are failures and should be left to the wind while new companies form off new ideas for new generations. The problem with the companies of older generations is that they are all being run by older people who are out-of-touch with the needs of young consumers. The perfect example would be Rick Wagoner of GM.