By Georg Szalai
Jan 27, 2007
NEW YORK
Big media companies and governments ultimately can't stop or reverse their reduced agenda setting power brought about by the Internet and digital media, but must learn to live with it and embrace it as an opportunity, a panel at the annual meeting of the World Economic Forum in Davos, Switzerland said Friday. Big media conglomerates have less influence amid the continued explosion of news sites, blogs and podcasts, News Corp. chairman and CEO Rupert Murdoch said in the session moderated by Charlie Rose and available via Webcast. "It's so pluralistic," Murdoch said. "We all have less power, much less...(we) the big companies."
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While this isn't actual news (who was Time magazine's Person of the Year again?), it's always interesting to hear the fact of the democratization of media admitted by a media titan. It's also interesting that this story comes out the same week as a story about News Corp. suing YouTube's owners to release the name of someone who posted episodes of 24 and the Simpsons before they were even broadcast. In some ways the current state of YouTube reminds me of the original incarnation of Napster -- it seems as thought you can find just about anything, for free, if you are willing to look. It seems silly, for example, to pay $1.99 to iTunes for a video you can almost always find on YouTube.
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